Domino's Pizza Group (LON:DOM) Stock Price Down 17.6% - Here's What Happened

Key Points

• Domino's Pizza Group shares dropped by 17.6% on Tuesday, closing at GBX 202.80 ($2.70), significantly down from the previous day's closing price of GBX 246 ($3.27).
• Analysts from Jefferies reaffirmed a "buy" rating with a price target of GBX 380 ($5.05), while Shore Capital issued an "under review" rating.
• Insider Ian Bull bought 7,500 shares at an average price of GBX 212 ($2.82), reflecting confidence in the stock as insiders own 16.56% of the company.

Domino's Pizza Group plc (LON:DOM - Get Free Report) shares were down 17.6% during mid-day trading on Tuesday . The company traded as low as GBX 196.20 ($2.64) and last traded at GBX 202.80 ($2.73). Approximately 10,334,716 shares were traded during mid-day trading, an increase of 432% from the average daily volume of 1,942,623 shares. The stock had previously closed at GBX 246 ($3.31).

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Shore Capital restated an "under review" rating on shares of Domino's Pizza Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. Jefferies Financial Group reissued a "buy" rating and issued a GBX 380 ($5.11) price objective on shares of Domino's Pizza Group in a research report on Tuesday. Finally, Royal Bank Of Canada decreased their target price on shares of Domino's Pizza Group from GBX 350 ($4.71) to GBX 285 ($3.83) and set an "outperform" rating on the stock in a research report on Thursday.

Domino's Pizza Group Stock Performance

The firm's fifty day moving average is GBX 249.92 and its 200 day moving average is GBX 270.47. The company has a debt-to-equity ratio of -562.33, a current ratio of 0.86 and a quick ratio of 0.83. The firm has a market capitalization of £803.13 million, a price-to-earnings ratio of 10.55, a PEG ratio of 5.24 and a beta of 0.95.

Domino's Pizza Group (LON:DOM - Get Free Report) last released its quarterly earnings data 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%. On average, analysts predict that Domino's Pizza Group plc will post 23.3281005 EPS for the current fiscal year.

Insider Buying and Selling at Domino's Pizza Group

In related news, insider Ian Bull acquired 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of GBX 212 ($2.85) per share, with a total value of £15,900 ($21,382.46). Company insiders own 16.56% of the company's stock.

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.