Domino’s Pizza Group (LON:DOM) Given New GBX 390 Price Target at Royal Bank of Canada

Domino’s Pizza Group (LON:DOM) had its price objective cut by Royal Bank of Canada from GBX 400 ($5.11) to GBX 390 ($4.98) in a report released on Tuesday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

DOM has been the topic of several other reports. Numis Securities reaffirmed a buy rating and issued a GBX 480 ($6.13) target price on shares of Domino’s Pizza Group in a report on Friday, April 19th. Shore Capital reissued a buy rating on shares of Domino’s Pizza Group in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and an average target price of GBX 431.25 ($5.51).

Domino’s Pizza Group Trading Up 3.3 %

Shares of DOM stock opened at GBX 303.40 ($3.87) on Tuesday. Domino’s Pizza Group has a 12-month low of GBX 275 ($3.51) and a 12-month high of GBX 402.60 ($5.14). The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 9,124.00. The stock’s 50-day moving average price is GBX 313.68 and its 200-day moving average price is GBX 332.13. The stock has a market capitalization of £1.20 billion, a price-to-earnings ratio of 1,596.84, a price-to-earnings-growth ratio of 5.24 and a beta of 0.97.

Domino’s Pizza Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.13%. Domino’s Pizza Group’s payout ratio is currently 5,789.47%.

Insiders Place Their Bets

In related news, insider Ian Bull acquired 10,000 shares of Domino’s Pizza Group stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of GBX 294 ($3.75) per share, with a total value of £29,400 ($37,538.30). 16.32% of the stock is currently owned by insiders.

About Domino’s Pizza Group

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.