Domino’s Pizza Group (LON:DOM) Stock Rated “Buy” in New Coverage at Berenberg Bank

Berenberg Bank initiated coverage on shares of Domino’s Pizza Group (LON:DOM) in a research note issued to investors on Tuesday,Digital Look reports. The brokerage issued a buy rating and a GBX 291 price objective on the stock.

A number of other research firms have also issued reports on DOM. Peel Hunt restated a “buy” rating and issued a GBX 275 target price on shares of Domino’s Pizza Group in a report on Tuesday, August 4th. 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. increased their price objective on 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. Shore Capital Group raised Domino’s Pizza Group to a “buy” rating and set a GBX 270 price objective for the company in a research note on Friday, August 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 230 price objective on shares of Domino’s Pizza Group in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 235.17.

Domino’s Pizza Group Stock Down 1.3%

DOM stock opened at GBX 223 on Tuesday. The company has a debt-to-equity ratio of -656.99, a current ratio of 0.67 and a quick ratio of 0.83. The firm has a market capitalization of £849.98 million, a P/E ratio of 14.48, a P/E/G ratio of 5.24 and a beta of 1.22. Domino’s Pizza Group has a 52-week low of GBX 164.03 and a 52-week high of GBX 226. The company’s 50 day simple moving average is GBX 207.59 and its 200-day simple moving average is GBX 194.55.

Domino’s Pizza Group (LON:DOM) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that Domino’s Pizza Group will post 23.3281005 EPS for the current year.

Insider Buying and Selling at Domino’s Pizza Group

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