Domino’s Pizza Group (LON:DOM) Hits New 1-Year High – Still a Buy?

Domino’s Pizza Group plc (LON:DOM) shares 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 traded. The stock had previously closed at GBX 212.40.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DOM. Peel Hunt reiterated a “buy” rating and issued a GBX 275 price objective on shares of Domino’s Pizza Group in a research report on Tuesday, August 4th. Shore Capital Group upgraded shares of Domino’s Pizza Group to a “buy” rating and set a GBX 270 price target for the company in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 178 price target on shares of Domino’s Pizza Group in a research report on Wednesday, August 5th. 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 research report on Wednesday, August 12th. Finally, Berenberg Bank initiated coverage on Domino’s Pizza Group in a research note on Tuesday. They issued a “buy” rating and a GBX 291 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 235.17.

Domino’s Pizza Group Stock Performance

The company has a debt-to-equity ratio of -656.99, a quick ratio of 0.83 and a current ratio of 0.67. The company’s 50-day moving average price is GBX 207.23 and its 200 day moving average price is GBX 194.20. The stock has a market capitalization of £840.83 million, a PE ratio of 14.32, a PEG ratio of 5.24 and a beta of 1.22.

Domino’s Pizza Group (LON:DOM) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 8 earnings per share (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, equities research analysts expect that Domino’s Pizza Group plc will post 23.3281005 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ian Bull acquired 15,700 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired 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 Domino’s Pizza Group stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of GBX 205 per share, for a total transaction of £9,942.50. Company insiders own 11.76% 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.