Dominos Pizza UK (OTCMKTS:DPUKY) Reaches New 52-Week Low - What's Next?

Key Points

• Dominos Pizza UK's share price hit a new 52-week low of $5.35, showing a significant drop from its previous close of $5.49, with a trading volume of 15,125 shares.
• The company announced a dividend payment of $0.0765 per share, with a high yield of 434.0%, scheduled for October 14th.
• Additionally, a stock repurchase plan was authorized, indicating management's belief that the shares are currently undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.35 and last traded at $5.35, with a volume of 15125 shares changing hands. The stock had previously closed at $5.49.

Analysts Set New Price Targets

Separately, Peel Hunt raised Dominos Pizza UK to a "strong-buy" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Dominos Pizza UK Trading Up 0.7%

The stock has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $6.80.

Dominos Pizza UK Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 18th will be given a $0.0765 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 434.0%.

Dominos Pizza UK declared that its Board of Directors has approved a share buyback program on Monday, September 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Dominos Pizza UK Company Profile

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.