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Domino’s Pizza ( (GB:DOM) ) just unveiled an announcement.
Domino’s Pizza Group PLC has announced a share buyback program, purchasing 459,706 ordinary shares for cancellation. This move is part of the company’s strategy to manage its capital structure and return value to shareholders. Following the cancellation, the total number of shares in issue will be 394,253,042, impacting the company’s total voting rights and potentially influencing shareholder interests.
The most recent analyst rating on (GB:DOM) stock is a Hold with a £216.00 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 food and beverage industry, primarily focusing on the production and delivery of pizzas. The company is a leading player in the quick-service restaurant sector, with a strong market presence and a focus on expanding its operations through strategic initiatives.
Average Trading Volume: 1,249,687
Technical Sentiment Signal: Sell
Current Market Cap: £764.5M
See more insights into DOM stock on TipRanks’ Stock Analysis page.