Domino’s Pizza Group’s (DOM) Buy Rating Reaffirmed at Berenberg Bank

Domino’s Pizza Group (LON:DOM)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 291 price objective on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 32.32% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Peel Hunt reissued 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. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set 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 set a GBX 270 price target on shares of Domino’s Pizza Group in a research report on Wednesday. JPMorgan Chase & Co. upped 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 report on Wednesday, August 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 230 price target on shares of Domino’s Pizza Group in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 235.17.

Domino’s Pizza Group Stock Up 1.5%

Shares of LON:DOM opened at GBX 219.92 on Thursday. The stock has a 50-day simple moving average of GBX 212.64 and a 200-day simple moving average of GBX 198.53. The stock has a market capitalization of £838.25 million, a P/E ratio of 14.28, a PEG ratio of 5.24 and a beta of 1.22. Domino’s Pizza Group has a 1 year low of GBX 164.03 and a 1 year high of GBX 238.29. The company has a debt-to-equity ratio of -656.99, a quick ratio of 0.83 and a current ratio of 0.67.

Domino’s Pizza Group (LON:DOM) last posted 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%. Equities analysts forecast that Domino’s Pizza Group will post 23.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ian Bull acquired 15,700 shares of the business’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 acquired 4,850 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was purchased at an average cost of GBX 205 per share, with a total value of £9,942.50. Insiders own 11.76% of the company’s stock.

Domino’s Pizza Group News Summary

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

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.