DPC (NYSE:DPC) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of DPC (NYSE:DPC) from a hold rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley boosted their target price on DPC from $47.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Royal Bank Of Canada increased their price target on DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Rothschild & Co Redburn assumed coverage on DPC in a research note on Monday, July 20th. They issued a “buy” rating and a $53.50 price objective on the stock. Finally, Jefferies Financial Group started coverage on DPC in a report on Monday, July 20th. They set a “buy” rating and a $56.00 target price on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DPC presently has an average rating of “Moderate Buy” and a consensus target price of $57.62.

DPC Price Performance

DPC stock opened at $41.18 on Friday. The business’s fifty day moving average is $46.00. DPC has a 52-week low of $37.65 and a 52-week high of $57.25.

DPC (NYSE:DPC) last issued its 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. Equities analysts anticipate that DPC will post 0.45 EPS for the current fiscal year.

Insider Transactions at DPC

In other news, Director Stanley A. Deal acquired 16,360 shares of the company’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, with a total value of $539,880.00. Following the acquisition, the director owned 16,360 shares of the company’s stock, valued at $539,880. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dirkson R. Charles acquired 212,121 shares of the company’s stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, with a total value of $6,999,993.00. Following the completion of the acquisition, the director directly owned 511,466 shares in the company, valued at approximately $16,878,378. The trade was a 70.86% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 2,297,621 shares of company stock valued at $75,821,493.

Hedge Funds Weigh In On DPC

Several large investors have recently bought and sold shares of the business. Mudrick Capital Management L.P. bought a new position in DPC in the second quarter valued at approximately $314,115,000. HBK Investments L P acquired a new position in shares of DPC in the 2nd quarter valued at $72,750,000. Irenic Capital Management LP acquired a new position in shares of DPC in the 2nd quarter valued at $41,201,000. SurgoCap Partners LP acquired a new position in shares of DPC in the 2nd quarter valued at $31,336,000. Finally, Wellington Management Group LLP bought a new position in shares of DPC in the 2nd quarter worth $4,402,000.

Trending Headlines about DPC

Here are the key news stories impacting DPC this week:

• Neutral Sentiment: Ireland’s data-protection regulator fined Google approximately €403 million for alleged violations involving the processing and disclosure of users’ location data under the GDPR. Multiple reports describe the same enforcement action. Google fined €403 million over location data privacy violations
• Neutral Sentiment: The penalty may be negative for Google because it adds regulatory costs and could require changes to location-data practices, but it does not appear to affect DPC Holdings PLC’s earnings, operations, or outlook. Google hit with €403 million GDPR fine over location tracking

DPC Company Profile

DPC Dash Ltd. is a quick-service restaurant company that operates the Domino’s Pizza business in China. The company develops, owns and operates Domino’s-branded stores, offering pizza, side dishes, desserts and beverages through dine-in, takeout and delivery channels.

Founded in 2010, DPC Dash serves customers across mainland China and has expanded its store network in major urban markets. Its operations include restaurant management, digital ordering and delivery services, supply-chain activities, and local marketing conducted under the Domino’s brand.

DPC Dash is the exclusive master franchisee for Domino’s Pizza in mainland China, giving it responsibility for the brand’s development and operations in that market.