Dominos Pizza UK (OTCMKTS:DPUKY) Stock Rating Upgraded by Peel Hunt

Key Points

• Peel Hunt has upgraded Dominos Pizza UK to a "strong-buy" rating, indicating increased confidence in the company's future performance.
• Despite the upgrade, Dominos Pizza UK shares are currently down 2.6%, with stock prices opening at $5.35.
• The company has authorized a stock repurchase program, suggesting that its board believes the shares are undervalued.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) was upgraded by equities researchers at Peel Hunt to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Dominos Pizza UK Trading Up 0.7%

Shares of OTCMKTS DPUKY traded up $0.04 during trading hours on Thursday, hitting $5.39. The company had a trading volume of 96,148 shares, compared to its average volume of 14,968. Dominos Pizza UK has a 1-year low of $5.27 and a 1-year high of $8.91. The firm's 50 day moving average is $5.95 and its 200-day moving average is $6.80.

Dominos Pizza UK announced that its board has approved a stock repurchase plan on Monday, September 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally 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.