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

Domino’s Pizza Group (LON:DOM)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They currently have a GBX 291 price objective on the stock. Berenberg Bank‘s price objective indicates a potential upside of 34.10% from the stock’s previous close.

Several other brokerages have also recently issued reports on DOM. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 230 price objective on shares of Domino’s Pizza Group in a research note on Tuesday, August 18th. Peel Hunt restated a “buy” rating and set a GBX 275 target price on shares of Domino’s Pizza Group in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 178 target price on shares of Domino’s Pizza Group in a report on Wednesday, August 5th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 270 target price on shares of Domino’s Pizza Group in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Domino’s Pizza Group from GBX 145 to GBX 167 and gave the stock an “underweight” rating in a research note 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 235.17.

Domino’s Pizza Group Trading Up 0.2%

LON:DOM opened at GBX 217 on Thursday. The firm has a market cap of £827.11 million, a PE ratio of 14.09, a price-to-earnings-growth ratio of 5.24 and a beta of 1.22. The stock has a fifty day moving average price of GBX 213 and a 200 day moving average price of GBX 198.66. Domino’s Pizza Group has a 12-month low of GBX 164.03 and a 12-month high of GBX 238.29. 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 (LON:DOM) last released its earnings results on Tuesday, August 4th. The company reported GBX 8 EPS for the quarter. Domino’s Pizza Group had a negative return on equity of 69.64% and a net margin of 8.40%. Sell-side analysts anticipate that Domino’s Pizza Group will post 23.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ian Bull bought 15,700 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were 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 purchased at an average cost of GBX 205 per share, with a total value of £9,942.50. 11.76% of the stock is owned by insiders.

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.