Domino's Pizza Group (LON:DOM) Shares Down 16.3% Following Analyst Downgrade

Key Points

• Domino's Pizza Group shares experienced a significant drop of 16.3%, trading as low as GBX 196.20 ($2.61) during mid-day trading.
• Analysts from Jefferies Financial Group maintained a "buy" rating while setting a target price of GBX 380 ($5.05) on the stock.
• Insider Ian Bull purchased 7,500 shares at an average price of GBX 212 ($2.82), highlighting confidence in the company's potential despite the recent stock downturn.

Domino's Pizza Group plc (LON:DOM - Get Free Report) shares were down 16.3% during mid-day trading on Tuesday after Royal Bank Of Canada lowered their price target on the stock from GBX 350 to GBX 285. Royal Bank Of Canada currently has an outperform rating on the stock. Domino's Pizza Group traded as low as GBX 196.20 ($2.64) and last traded at GBX 205.80 ($2.77). Approximately 13,176,312 shares traded hands during mid-day trading, an increase of 572% from the average daily volume of 1,961,567 shares. The stock had previously closed at GBX 246 ($3.31).

DOM has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut their target price on Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating on the stock in a research note on Tuesday. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 380 ($5.11) target price on shares of Domino's Pizza Group in a research note on Tuesday.

Insider Buying and Selling at Domino's Pizza Group

In other Domino's Pizza Group news, insider Ian Bull purchased 7,500 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of GBX 212 ($2.85) per share, for a total transaction of £15,900 ($21,385.34). Insiders own 16.56% of the company's stock.

Domino's Pizza Group Stock Down 0.4%

The company has a market capitalization of £803.13 million, a price-to-earnings ratio of 10.55, a P/E/G ratio of 5.24 and a beta of 0.95. The business's 50-day moving average is GBX 248.82 and its 200-day moving average is GBX 269.72. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of -562.33.

Domino's Pizza Group (LON:DOM - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) earnings per share (EPS) for the quarter. Domino's Pizza Group had a net margin of 11.44% and a negative return on equity of 67.25%. As a group, equities analysts predict that Domino's Pizza Group plc will post 23.3281005 earnings per share for the current year.

About Domino's Pizza Group

Domino's Pizza is the UK's leading pizza brand and a major player in the Republic of Ireland. We are part of the global Domino's system, the biggest pizza delivery operator in the world. We hold the exclusive master franchise rights in the UK & Ireland under a long term agreement with Domino's Pizza International Franchising Inc, the international arm of Domino's Pizza Inc, which owns the Domino's brand.