Domino’s Pizza Group (LON:DOM) Price Target Cut to GBX 390 by Analysts at Royal Bank of Canada

Domino’s Pizza Group (LON:DOM) had its price objective reduced by Royal Bank of Canada from GBX 400 ($5.11) to GBX 390 ($4.98) in a research report sent to investors on Tuesday, MarketBeat.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Numis Securities reissued a buy rating and set a GBX 480 ($6.13) price objective on shares of Domino’s Pizza Group in a research report on Friday, April 19th. Shore Capital reiterated a buy rating on shares of Domino’s Pizza Group in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of GBX 431.25 ($5.51).

Domino’s Pizza Group Stock Down 0.6 %

Shares of LON:DOM opened at GBX 301.60 ($3.85) on Tuesday. Domino’s Pizza Group has a 1 year low of GBX 275 ($3.51) and a 1 year high of GBX 402.60 ($5.14). The company has a debt-to-equity ratio of 9,124.00, a current ratio of 0.86 and a quick ratio of 0.83. The business’s 50-day moving average is GBX 313.24 and its 200-day moving average is GBX 331.93. The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 1,587.37, a P/E/G ratio of 5.24 and a beta of 0.97.

Domino’s Pizza Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 15th will be given a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 1.13%. Domino’s Pizza Group’s payout ratio is currently 5,789.47%.

Insider Buying and Selling at Domino’s Pizza Group

In other news, insider Ian Bull purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of GBX 294 ($3.75) per share, with a total value of £29,400 ($37,538.30). Corporate insiders own 16.32% of the company’s stock.

About Domino’s Pizza Group

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.