DPC (NYSE:DPC) Research Coverage Started at Barclays

Barclays initiated coverage on shares of DPC (NYSE:DPC) in a research report released on Friday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $49.00 target price on the stock.

Several other research firms have also recently weighed in on DPC. Wall Street Zen cut shares of DPC from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Royal Bank Of Canada lifted their target price on DPC from $53.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research raised DPC to a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group started coverage on DPC in a research report on Monday, July 20th. They set a “buy” rating and a $56.00 target price for the company. Finally, Morgan Stanley upped their price target on DPC from $47.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, DPC presently has an average rating of “Hold” and a consensus price target of $55.90.

DPC Trading Up 0.1%

Shares of NYSE DPC opened at $38.75 on Friday. DPC has a 1-year low of $37.65 and a 1-year high of $57.25. The business has a 50-day moving average of $44.39. The company has a market capitalization of $5.79 billion and a P/E ratio of 775.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 1.48.

DPC (NYSE:DPC) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $268.70 million for the quarter. As a group, equities research analysts forecast that DPC will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On DPC

Several institutional investors have recently modified their holdings of DPC. Zevenbergen Capital Investments LLC bought a new stake in shares of DPC during the third quarter worth approximately $315,000. HBK Investments L P bought a new position in DPC in the second quarter valued at approximately $72,750,000. BlueCrest Capital Management Ltd bought a new position in DPC in the second quarter valued at approximately $1,226,000. Mudrick Capital Management L.P. bought a new position in DPC in the second quarter valued at approximately $314,115,000. Finally, Readystate Asset Management LP acquired a new stake in DPC during the 2nd quarter worth $245,000.

DPC Company Profile

DPC Dash Ltd. (NYSE: DPC) is a China-based quick-service restaurant company that operates Domino’s Pizza stores in mainland China. The company serves customers through a combination of delivery, carryout and in-store dining channels.

Its menu includes pizzas, side dishes, desserts and beverages, with offerings adapted to local consumer preferences. DPC Dash also operates digital ordering platforms, including online and mobile channels, to support order placement, delivery and customer engagement.

The company serves markets across mainland China under an exclusive master franchise arrangement with Domino’s Pizza.