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The latest update is out from Domino’s Pizza ( (GB:DOM) ).
Domino’s Pizza Group PLC has executed a share buyback program, purchasing and canceling 458,345 ordinary shares at an average price of 200.18p per share. This move reduces the total number of shares in issue to 388,835,129, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial position. The buyback is part of a broader strategy to optimize capital structure and enhance shareholder value.
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 pizza delivery and takeaway services. The company is a leading player in the market, known for its extensive network of stores and innovative approach to customer service and technology integration.
Average Trading Volume: 1,447,768
Technical Sentiment Signal: Sell
Current Market Cap: £787.7M
Learn more about DOM stock on TipRanks’ Stock Analysis page.