Domino's Pizza Group (LON:DOM) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Domino’s Pizza Group shares rose above their 200-day moving average, reaching GBX 211 before closing at GBX 209.20, compared with the GBX 192.35 average.
• Analyst views remain mixed: ratings range from “buy” to “sell,” resulting in a consensus “Hold” rating and an average price target of GBX 224.
• Recent results included quarterly EPS of GBX 8, while insiders bought shares worth more than £41,000 in aggregate; insiders own 13.74% of the company.

Shares of Domino's Pizza Group plc (LON:DOM - Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 192.35 and traded as high as GBX 211. Domino's Pizza Group shares last traded at GBX 209.20, with a volume of 1,654,021 shares.

Wall Street Analysts Forecast Growth

DOM has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 230 price target on shares of Domino's Pizza Group in a report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on Domino's Pizza Group from GBX 145 to GBX 167 and gave the company an "underweight" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a "sell" rating and issued a GBX 178 target price on shares of Domino's Pizza Group in a research note on Wednesday, August 5th. Shore Capital Group raised Domino's Pizza Group to a "buy" rating and set a GBX 270 price target on the stock in a research report on Friday, August 21st. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 275 price target on shares of Domino's Pizza Group in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 224.

Domino's Pizza Group Price Performance

The firm's 50 day moving average price is GBX 204.12 and its two-hundred day moving average price is GBX 192.35. The company has a debt-to-equity ratio of -656.99, a current ratio of 0.67 and a quick ratio of 0.83. The stock has a market cap of £797.38 million, a PE ratio of 13.58, a P/E/G ratio of 5.24 and a beta of 1.22.

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

Insiders Place Their Bets

In related news, insider Ian Bull bought 15,700 shares of the company's stock in a transaction on Monday, August 10th. The shares were purchased at an average price of GBX 200 per share, for a total transaction of £31,400. Also, insider Robyn Perriss bought 4,850 shares of the company's stock in a transaction on Thursday, September 17th. The shares were bought at an average price of GBX 205 per share, for a total transaction of £9,942.50. Insiders own 13.74% of the company's stock.

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. 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.

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