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

Key Points

• Domino's Pizza Group shares fell by 17.6% to GBX 202.80 ($2.70) during mid-day trading, marking a significant decline from its previous close of GBX 246 ($3.27).
• Analysts have mixed sentiments on the stock, with Jefferies Financial Group maintaining a "buy" rating and setting a price target of GBX 380 ($5.05), while Shore Capital has reissued an "under review" rating.
• Insider Ian Bull purchased 7,500 shares at an average price of GBX 212 ($2.82), demonstrating confidence in the company's future despite current market fluctuations.

Shares of Domino's Pizza Group plc (LON:DOM - Get Free Report) traded 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). 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).

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating for the company in a report on Tuesday. Shore Capital reaffirmed an "under review" rating on shares of Domino's Pizza Group in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on 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. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 380 ($5.11) price objective on shares of Domino's Pizza Group in a report on Tuesday.

Domino's Pizza Group Stock Down 0.4%

The company's 50-day moving average price is GBX 249.92 and its 200 day moving average price is GBX 270.47. 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 stock has a market cap 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 posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) EPS for the quarter. Domino's Pizza Group had a negative return on equity of 67.25% and a net margin of 11.44%. As a group, analysts forecast that Domino's Pizza Group plc will post 23.3281005 EPS for the current fiscal year.

Insider Activity

In other Domino's Pizza Group news, insider Ian Bull purchased 7,500 shares of Domino's Pizza Group stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of GBX 212 ($2.85) per share, for a total transaction of £15,900 ($21,382.46). Company insiders own 16.56% of the company's stock.

Domino's Pizza Group Company Profile

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.