Dominos Pizza UK (OTCMKTS:DPUKY) Upgraded at Peel Hunt

Peel Hunt upgraded shares of Dominos Pizza UK (OTCMKTS:DPUKY) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Dominos Pizza UK Price Performance

OTCMKTS DPUKY opened at $5.35 on Thursday. The stock’s fifty day moving average price is $5.95 and its 200-day moving average price is $6.81. Dominos Pizza UK has a 12 month low of $5.33 and a 12 month high of $8.91.

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 issued a dividend of $0.0765 per share. This represents a yield of 434.0%. The ex-dividend date of this dividend is Friday, August 15th.

Dominos Pizza UK announced that its Board of Directors has initiated a share buyback program on Monday, September 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase 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.