Domino's Pizza Group (LON:DOM) Shares Down 17.6% Following Analyst Downgrade

Key Points

• Domino's Pizza Group shares fell by 17.6%, reaching a low of GBX 196.20 ($2.61) during trading, significantly increasing trading volume to over 10 million shares.
• Research analysts have issued mixed ratings, with Jefferies Financial Group maintaining a "buy" rating and a target price of GBX 380 ($5.05), while Shore Capital has put the stock "under review."
• Domino's reported GBX 8.40 ($0.11) EPS for the latest quarter, and analysts forecast earnings of approximately 23.33 EPS for the current fiscal year.

Domino's Pizza Group plc (LON:DOM - Get Free Report) fell 17.6% during mid-day trading on Wednesday 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 202.80 ($2.73). 10,334,716 shares traded hands during mid-day trading, an increase of 432% from the average session volume of 1,942,623 shares. The stock had previously closed at GBX 246 ($3.31).

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group reissued a "buy" rating and issued a GBX 380 ($5.11) target price on shares of Domino's Pizza Group in a research report on Tuesday, August 5th. Shore Capital reaffirmed an "under review" rating on shares of Domino's Pizza Group in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 report on Tuesday, August 5th.

Insider Buying and Selling

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

Domino's Pizza Group Stock Performance

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

Domino's Pizza Group (LON:DOM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) earnings per share 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, research analysts expect that Domino's Pizza Group plc will post 23.3281005 EPS 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.