Dominos Pizza UK (OTCMKTS:DPUKY) Sees Strong Trading Volume - What's Next?

Key Points

• Dominos Pizza UK experienced a significant increase in trading volume, with 33,725 shares traded, marking a 117% increase from the previous session.
• Analysts have rated the stock with a strong buy and a sell, leading to an average rating of "Moderate Buy."
• The company has authorized a share buyback plan, indicating management believes the stock may be undervalued, despite trading down 4.2% recently.

Shares of Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) saw an uptick in trading volume on Tuesday . 33,725 shares were traded during mid-day trading, an increase of 117% from the previous session's volume of 15,506 shares.The stock last traded at $5.01 and had previously closed at $5.23.

Analysts Set New Price Targets

Separately, Peel Hunt raised Dominos Pizza UK to a "strong-buy" rating in a report 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Dominos Pizza UK Trading Down 4.2%

The stock has a fifty day moving average of $5.51 and a two-hundred day moving average of $6.54.

Dominos Pizza UK Cuts Dividend

The company also recently disclosed 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. This represents a dividend yield of 434.0%. The ex-dividend date of this dividend is Friday, August 15th.

Dominos Pizza UK declared that its Board of Directors has authorized a share buyback plan on Monday, September 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often 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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