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

Key Points

• Dominos Pizza UK’s share price hit a new 52-week low of $5.25 during trading, down from a previous close of $5.40.
• Peel Hunt has upgraded the stock to a "strong-buy" rating, while the average rating is currently a "Moderate Buy."
• The company recently announced a dividend cut and initiated a share repurchase program, which often indicates the board's belief that the stock is undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $5.25 and last traded at $5.25, with a volume of 5517 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

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

Dominos Pizza UK Trading Down 0.9%

The company's 50-day moving average is $5.66 and its 200-day moving average is $6.66.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK announced that its Board of Directors has authorized a share repurchase plan 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 plans are usually a sign that the company's board of directors 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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