Shore Capital Group Reaffirms “Buy” Rating for Domino’s Pizza Group (LON:DOM)

Domino’s Pizza Group (LON:DOM)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 270 target price on the stock. Shore Capital Group‘s price target indicates a potential upside of 24.62% from the stock’s previous close.

DOM has been the topic of several other 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 research report on Tuesday, August 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 275 target price on shares of Domino’s Pizza Group in a research note on Tuesday, August 4th. Berenberg Bank assumed coverage on Domino’s Pizza Group in a report on Tuesday, October 6th. They issued a “buy” rating and a GBX 291 price objective for the company. JPMorgan Chase & Co. increased their target price on Domino’s Pizza Group from GBX 145 to GBX 167 and gave the stock an “underweight” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 178 price objective on shares of Domino’s Pizza Group in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza Group currently has a consensus rating of “Hold” and a consensus target price of GBX 235.17.

Domino’s Pizza Group Trading Down 5.2%

DOM traded down GBX 11.94 during trading on Wednesday, reaching GBX 216.66. 1,368,388 shares of the company’s stock were exchanged, compared to its average volume of 4,493,185. The company has a current ratio of 0.67, a quick ratio of 0.83 and a debt-to-equity ratio of -656.99. Domino’s Pizza Group has a one year low of GBX 164.03 and a one year high of GBX 238.29. The stock has a market capitalization of £825.83 million, a PE ratio of 14.07, a price-to-earnings-growth ratio of 5.24 and a beta of 1.22. The firm has a fifty day moving average price of GBX 212.64 and a two-hundred day moving average price of GBX 198.53.

Domino’s Pizza Group (LON:DOM) last issued 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%. As a group, equities research analysts forecast that Domino’s Pizza Group will post 23.33 earnings per share for the current fiscal year.

Insider Activity

In other Domino’s Pizza Group news, insider Robyn Perriss bought 4,850 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was acquired at an average price of GBX 205 per share, with a total value of £9,942.50. Also, insider Ian Bull acquired 15,700 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of GBX 200 per share, with a total value of £31,400. 11.76% of the stock is owned by company insiders.

Key Stories Impacting Domino’s Pizza Group

Here are the key news stories impacting Domino’s Pizza Group this week:

• Positive Sentiment: Third-quarter sales increased, supported by demand for fried chicken and Italian-style pizza products. Domino’s retained its full-year expectations, suggesting management still expects to meet guidance despite a more challenging consumer environment. Domino’s says third-quarter sales rose 3.5% and keeps full-year expectations
• Positive Sentiment: Berenberg reaffirmed its “buy” rating and set a GBX 291 price target, while Shore Capital also maintained a “buy” recommendation with a GBX 270 target. These targets imply analysts see meaningful upside from recent trading levels. Berenberg Bank recommendation Shore Capital recommendation
• Neutral Sentiment: The stock offers an approximately 4.81% dividend yield, which may attract income-focused investors, but market volatility and questions about the pace of growth remain important considerations. Domino’s dividend-yield analysis
• Negative Sentiment: Sales growth slowed from the previous quarter. Reports cited quarterly growth of roughly 2.3% to 3.5%, depending on the sales measure used, which disappointed investors and caused the shares to underperform the broader market. UK Domino’s sales growth slows

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.