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The latest announcement is out from Domino’s Pizza ( (GB:DOM) ).
Domino’s Pizza Group PLC has executed a share buyback program, purchasing 80,596 of its own shares for cancellation, with prices ranging from 198.90p to 199.50p per share. This move reduces the total number of shares in issue to 385,772,686, impacting the company’s voting rights and potentially enhancing shareholder value by increasing earnings per share.
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 operates in the fast-food industry, primarily focusing on the production and delivery of pizzas. The company is a leading player in the pizza delivery market, serving a wide range of customers with a focus on convenience and quality.
Average Trading Volume: 1,526,145
Technical Sentiment Signal: Sell
Current Market Cap: £758.9M
Learn more about DOM stock on TipRanks’ Stock Analysis page.