Domino’s Pizza Group (LON:DOM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Domino’s Pizza Group plc (LON:DOM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 185.90 and traded as high as GBX 188.80. Domino’s Pizza Group shares last traded at GBX 187.20, with a volume of 749,411 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Domino’s Pizza Group in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza Group has a consensus rating of “Hold” and an average target price of GBX 270.

Domino’s Pizza Group Stock Up 1.0%

The firm has a 50-day moving average of GBX 188.57 and a 200 day moving average of GBX 185.92. The stock has a market capitalization of £720.39 million, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 5.24 and a beta of 1.20. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of -622.08.

Insider Activity

In other news, insider Annie Murphy acquired 10,300 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of GBX 191 per share, for a total transaction of £19,673. 13.74% of the stock is owned by corporate insiders.

About Domino’s Pizza Group

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.