Dominos Pizza UK (OTCMKTS:DPUKY) Sees Large Volume Increase - Time to Buy?

Key Points

• Dominos Pizza UK experienced a trading volume spike of 303%, with approximately 57,680 shares traded on Monday, up from 14,310 shares the previous session.
• Following a research note from Peel Hunt, the stock's rating was upgraded to a "strong-buy", contributing to an average rating of "Moderate Buy" among analysts.
• The company announced a dividend payout of $0.0765, with a substantial yield of 434.0%, although its dividend was noted as a reduction.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 57,680 shares traded hands during mid-day trading, an increase of 303% from the previous session's volume of 14,310 shares.The stock last traded at $5.27 and had previously closed at $5.35.

Wall Street Analyst Weigh In

Separately, Peel Hunt upgraded shares of Dominos Pizza UK to a "strong-buy" rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Dominos Pizza UK Stock Performance

The stock's 50 day moving average is $5.93 and its two-hundred day moving average is $6.79.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK declared that its board has authorized a share repurchase plan on Monday, September 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management 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.