Dominos Pizza UK (OTCMKTS:DPUKY) Stock Price Up 5.6% – Still a Buy?

Shares of Dominos Pizza UK (OTCMKTS:DPUKY) traded up 5.6% on Friday . The company traded as high as $5.33 and last traded at $5.33. 48,827 shares changed hands during trading, an increase of 199% from the average session volume of 16,340 shares. The stock had previously closed at $5.05.

Analysts Set New Price Targets

Separately, Peel Hunt raised 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dominos Pizza UK has a consensus rating of “Moderate Buy”.

Dominos Pizza UK Trading Up 4.1%

The stock’s 50-day moving average price is $5.48 and its 200-day moving average price is $6.48.

Dominos Pizza UK Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 18th were given a dividend of $0.0765 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a dividend yield of 434.0%.

Dominos Pizza UK declared that its board has initiated a share buyback program 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 programs are often a sign that the company’s board of directors believes its shares are 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.