Dominos Pizza UK (OTCMKTS:DPUKY) Sees Large Volume Increase - Here's Why

Key Points

• Dominos Pizza UK experienced a significant increase in trading volume, with 34,605 shares traded, marking a 135% rise from the previous session.
• Wall Street analysts have a mixed outlook on the stock, with Peel Hunt upgrading it to a "strong-buy," while the average rating is a "Moderate Buy."
• The company has initiated a share repurchase program, indicating management's belief that the stock is undervalued.

Shares of Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) saw an uptick in trading volume on Monday . 34,605 shares traded hands during mid-day trading, an increase of 135% from the previous session's volume of 14,696 shares.The stock last traded at $5.41 and had previously closed at $5.40.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt raised shares of Dominos Pizza UK to a "strong-buy" rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Dominos Pizza UK Trading Up 0.2%

The business has a 50-day moving average price of $5.81 and a 200-day moving average price of $6.73.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK declared that its Board of Directors has initiated a share repurchase program on Monday, September 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

About Dominos Pizza UK

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.

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