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

Key Points

• Domino's Pizza Group's stock price experienced a significant decline of 17.6%, trading as low as GBX 196.20 ($2.61) before closing at GBX 202.80 ($2.70).
• Analysts have mixed sentiments, with Jefferies Financial Group maintaining a "buy" rating and setting a target price of GBX 380 ($5.05), while Shore Capital has placed the stock "under review."
• Insider trading was noted, as Ian Bull purchased 7,500 shares at GBX 212 ($2.82), indicating some level of confidence in the company's future performance.

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

Analyst Ratings Changes

DOM has been the topic of several recent analyst reports. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on 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. Royal Bank Of Canada lowered their price objective on Domino's Pizza Group from GBX 350 ($4.71) to GBX 285 ($3.83) and set an "outperform" rating for the company in a research note on Thursday. Finally, 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 note on Tuesday.

Domino's Pizza Group Stock Performance

The business's 50 day simple moving average is GBX 248.82 and its two-hundred day simple moving average is GBX 269.88. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of -562.33. The firm has a market capitalization of £803.13 million, a P/E 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 released 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.

Insider Buying and Selling

In other news, insider Ian Bull bought 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased 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 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.