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An update from Domino’s Pizza ( (GB:DOM) ) is now available.
Domino’s Pizza Group PLC has announced the purchase and cancellation of 1,079,523 of its own ordinary shares as part of a share buyback program. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights. The move is part of the company’s strategy to manage its capital structure and return value to shareholders.
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 pizza delivery market, known for its extensive network of outlets and emphasis on quick service.
Average Trading Volume: 1,249,687
Technical Sentiment Signal: Sell
Current Market Cap: £764.5M
For a thorough assessment of DOM stock, go to TipRanks’ Stock Analysis page.