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Domino’s Pizza ( (GB:DOM) ) has shared an announcement.
Domino’s Pizza Group PLC announced the repurchase and cancellation of 480,000 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 387,848,097, potentially enhancing shareholder value by increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:DOM) stock is a Hold with a £235.00 price target. To see the full list of analyst forecasts on Domino’s Pizza stock, see the GB:DOM Stock Forecast page.
Spark’s Take on GB:DOM Stock
According to Spark, TipRanks’ AI Analyst, GB:DOM is a Neutral.
Domino’s Pizza’s stock score is primarily influenced by its strong valuation metrics, indicating potential undervaluation and a high dividend yield. However, significant financial leverage and negative equity pose risks. Technical indicators suggest bearish momentum, which could affect short-term performance. Director share purchases provide a positive signal of confidence.
To see Spark’s full report on GB:DOM stock, click here.
More about Domino’s Pizza
Domino’s Pizza Group PLC is a leading player in the fast-food industry, primarily known for its pizza delivery and carryout services. The company operates a network of franchise and company-owned stores, focusing on providing quick and convenient food options to a broad customer base.
Average Trading Volume: 1,469,335
Technical Sentiment Signal: Sell
Current Market Cap: £755.9M
For detailed information about DOM stock, go to TipRanks’ Stock Analysis page.