Domino's Pizza Group (LON:DOM) Hits New 52-Week High - Time to Buy?

Key Points

• Domino’s Pizza Group shares reached a new 52-week high, trading as high as GBX 221.80 and closing the session up 4.8% at GBX 221.40.
• Analyst sentiment is mixed: four analysts rate the stock a Buy and two rate it a Sell, resulting in an overall “Hold” rating and an average price target of GBX 235.17.
• The company reported quarterly earnings of GBX 8 per share, while insiders purchased additional shares at GBX 200–205, with insiders collectively owning 13.74% of the company.

Domino's Pizza Group plc (LON:DOM - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 221.80 and last traded at GBX 221.40, with a volume of 3072939 shares. The stock had previously closed at GBX 212.40.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOM. Peel Hunt reiterated a "buy" rating and set a GBX 275 price objective on shares of Domino's Pizza Group in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a GBX 178 price objective on shares of Domino's Pizza Group in a report on Wednesday, August 5th. Shore Capital Group raised shares of Domino's Pizza Group to a "buy" rating and set a GBX 270 target price on the stock in a research report on Friday, August 21st. Royal Bank Of Canada restated an "outperform" rating and set a GBX 230 price target on shares of Domino's Pizza Group in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Domino's Pizza Group from GBX 145 to GBX 167 and gave the company an "underweight" rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Domino's Pizza Group currently has an average rating of "Hold" and an average target price of GBX 235.17.

Domino's Pizza Group Trading Up 4.8%

The company's fifty day simple moving average is GBX 206.40 and its 200-day simple moving average is GBX 193.53. The firm has a market capitalization of £848.46 million, a PE ratio of 14.45, a P/E/G ratio of 5.24 and a beta of 1.22. The company has a debt-to-equity ratio of -656.99, a current ratio of 0.67 and a quick ratio of 0.83.

Domino's Pizza Group (LON:DOM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 8 earnings per share for the quarter. Domino's Pizza Group had a negative return on equity of 69.64% and a net margin of 8.40%. As a group, sell-side analysts expect that Domino's Pizza Group plc will post 23.3281005 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Domino's Pizza Group news, insider Ian Bull purchased 15,700 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of GBX 200 per share, with a total value of £31,400. Also, insider Robyn Perriss bought 4,850 shares of the business's stock in a transaction on Thursday, September 17th. The stock was purchased at an average cost of GBX 205 per share, for a total transaction of £9,942.50. Insiders own 13.74% 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. Our core business is the UK & Ireland, where we have a clear number one market share. We operate a world-class supply chain, making fresh dough and acting as a scale and expert wholesaler of other food and non-food supplies to our franchisees.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.