Domino's Pizza Group (LON:DOM) Trading Down 13.3% Following Analyst Downgrade

Key Points

• Domino's Pizza Group's shares fell by 13.3%, trading as low as GBX 196.20 ($2.61) before recovering slightly to GBX 213.20 ($2.83), with trading volume increasing significantly to around 9.14 million shares.
• Analysts from Jefferies Financial Group maintained a "buy" rating with a target price of GBX 380 ($5.05), while Shore Capital placed the stock "under review."
• Financial metrics include a market capitalization of £826.54 million and a debt-to-equity ratio of -562.33, indicating potential financial concerns despite its position as the UK's leading pizza brand.

Domino's Pizza Group plc (LON:DOM - Get Free Report) shares were down 13.3% 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 213.20 ($2.87). Approximately 9,141,369 shares traded hands during mid-day trading, an increase of 373% from the average daily volume of 1,934,667 shares. The stock had previously closed at GBX 246 ($3.31).

A number of other analysts also recently commented on the company. Jefferies Financial Group restated a "buy" rating and set a GBX 380 ($5.11) price objective on shares of Domino's Pizza Group in a report on Tuesday. Shore Capital reissued an "under review" rating on shares of Domino's Pizza Group in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced 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 report on Tuesday.

Insider Transactions at Domino's Pizza Group

In other news, insider Ian Bull purchased 7,500 shares of the company's stock in a transaction 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 ($21,385.34). 16.56% of the stock is owned by corporate insiders.

Domino's Pizza Group Stock Down 0.4%

The firm's 50 day simple moving average is GBX 248.82 and its 200 day simple moving average is GBX 269.88. The company has a market cap of £803.13 million, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 5.24 and a beta of 0.95. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) EPS for the quarter. Domino's Pizza Group had a net margin of 11.44% and a negative return on equity of 67.25%. Sell-side analysts anticipate that Domino's Pizza Group plc will post 23.3281005 EPS for the current fiscal year.

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.