Are these the FTSE 250's 3 hottest growth stars?

Today I'm looking at three of the best growth stocks on the FTSE 250.

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Grab a slice of the action

The stunning profits potential of Domino's Pizza Group (LSE: DOM) was underlined by the firm's latest trading statement last week.

The fast food giant announced plans to open 1,600 new outlets across the UK, up from its previous target of 1,200. And Domino's is upgrading its growth plans abroad too, the firm now looking to quadruple the number of stores it operates outside Britain to around 400.

This is a wise strategy as demand for the firm's doughy treats continues to soar. Like-for-like sales chugged 8.6% higher during January-September to £684.9m, Domino's announced in October.

Unsurprisingly City analysts expect it to keep cooking up double-digit earnings growth long into the future, and have pencilled-in expansion of 15% and 13% for 2016 and 2017 respectively.

While these projections create toppy P/E ratios of 26.3 times and 23.2 times, I reckon a stock with such hot growth potential merits a sizeable premium.

Cut-price corker

With inflationary pressures likely to pressure shopper spending power in 2017 and potentially beyond, I reckon B&M European Value Retail (LSE: BME) could be about to hit its sweet spot.

While the cut-price retailer saw like-for-like sales rise just 0.2% during the first half, this reflects in large part the impact of cannibalisation emerging from its store expansion programme -- without this factor B&M would have seen underlying sales advance 1.9%.

And like Domino's, I reckon the retail giant's aggressive expansion drive gives plenty of reason to be excited. B&M is ramping up its store network in the UK and Germany, and this helped drive total sales beyond the £1bn marker for the first time during any six-month period between April and September.

The calculator bashers expect earnings at B&M to surge 10% in the year to March 2017, and by another 10% in the following 12-month period. And these predictions push a P/E rating of 17.3 times for the current period to 15.7 times for 2018. I reckon the firm is a steal at these levels.

Flying ace

But for those concerned about the possible impact of Brexit on their stocks portfolios, I think BBA Aviation (LSE: BBA) could provide the right medicine.

The company is in a prime position to ride the upswing in North American corporate jet movement, its acquisition of Landmark Aviation in 2015 significantly bolstering its footprint in the US. The move helped revenues at BBA Aviation charge 27% higher between January and October.

Furthermore, BBA Aviation's recently-announced $61.5m acquisition of some of GE Aviation's avionics operations lends further fuel to the flyer's growth outlook. The deal will bolster BBA Aviation's ability to service mature aircraft in the commercial and military spaces.

The City expects the jet play to recover from a 3% earnings dip in 2016 with an 18% advance next year, driving a P/E ratio of 17.1 times to a mere 14.5 times. And I expect the ratio to keep toppling as service revenues swell.

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Royston Wild has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended BBA Aviation. The Motley Fool UK has recommended Domino's Pizza. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.