Domino's Pizza Group (LON:DOM) Stock Price Down 17.6% on Analyst Downgrade

Key Points

• Domino's Pizza Group shares dropped 17.6% during trading, reaching a low of GBX 196.20 ($2.61) from a previous close of GBX 246 ($3.27).
• Analysts at Jefferies Financial Group maintained a "buy" rating with a price target of GBX 380 ($5.05), while Shore Capital placed the stock "under review."
• Insider transactions revealed that Ian Bull purchased 7,500 shares at an average cost of GBX 212 ($2.82), with insiders holding 16.56% of the company's stock.

Domino's Pizza Group plc (LON:DOM - Get Free Report)'s stock price was down 17.6% during 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). 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).

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating for the company in a research report on Tuesday. 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 research report on Tuesday. Finally, Shore Capital reaffirmed an "under review" rating on shares of Domino's Pizza Group in a research note on Tuesday.

Insider Activity

In related 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 cost of GBX 212 ($2.85) per share, with a total value of £15,900 ($21,385.34). 16.56% of the stock is owned by company insiders.

Domino's Pizza Group Trading Down 0.4%

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's 50 day moving average price is GBX 248.82 and its 200 day moving average price is GBX 269.88. The company has a debt-to-equity ratio of -562.33, a quick ratio of 0.83 and a current ratio of 0.86.

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) EPS for the quarter. Domino's Pizza Group had a net margin of 11.44% and a negative return on equity of 67.25%. Research analysts anticipate 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.