Domino’s Pizza Group (LON:DOM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Domino’s Pizza Group plc (LON:DOM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 313.63 ($4.07) and traded as high as GBX 314 ($4.08). Domino’s Pizza Group shares last traded at GBX 306.60 ($3.98), with a volume of 373,915 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOM. Royal Bank of Canada cut their target price on Domino’s Pizza Group from GBX 400 ($5.19) to GBX 390 ($5.06) and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Shore Capital restated a “buy” rating on shares of Domino’s Pizza Group in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 431.25 ($5.60).

Domino’s Pizza Group Price Performance

The business’s 50-day simple moving average is GBX 299.42 and its two-hundred day simple moving average is GBX 313.63. The stock has a market cap of £1.19 billion, a price-to-earnings ratio of 1,613.68, a price-to-earnings-growth ratio of 5.24 and a beta of 0.95. The company has a debt-to-equity ratio of 9,124.00, a current ratio of 0.86 and a quick ratio of 0.83.

Domino’s Pizza Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 15th were issued a dividend of GBX 3.50 ($0.05) per share. This represents a dividend yield of 1.13%. The ex-dividend date was Thursday, August 15th. Domino’s Pizza Group’s dividend payout ratio (DPR) is 5,789.47%.

Insiders Place Their Bets

In other news, insider Ian Bull purchased 10,000 shares of Domino’s Pizza Group stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of GBX 294 ($3.82) per share, for a total transaction of £29,400 ($38,171.90). Insiders own 16.56% of the company’s stock.

Domino’s Pizza Group Company Profile

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.