Dominos Pizza UK (OTCMKTS:DPUKY) Sets New 12-Month Low - Here's Why

Key Points

• Dominos Pizza UK shares have reached a new 12-month low, trading at $5.27, reflecting a downward trend from its previous close of $5.39.
• The company recently announced a dividend payment of $0.0765 per share, with a yield of 434.0%, while also implementing a stock buyback program signaling confidence in its own stock value.
• Peel Hunt has upgraded Dominos Pizza UK to a "strong-buy" rating, contributing to an average rating of "Moderate Buy" among analysts.

Shares of Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $5.27 and last traded at $5.27, with a volume of 14000 shares trading hands. The stock had previously closed at $5.39.

Analysts Set New Price Targets

Separately, Peel Hunt upgraded shares of Dominos Pizza UK to a "strong-buy" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Dominos Pizza UK Price Performance

The business's 50 day moving average is $5.87 and its two-hundred day moving average is $6.77.

Dominos Pizza UK Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Monday, August 18th will be paid 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 has approved a stock repurchase program on Monday, September 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is 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.

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