DPC Holdings PLC (NYSE:DPC) Given Average Rating of “Moderate Buy” by Brokerages

DPC Holdings PLC (NYSE:DPC) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.6250.

Several brokerages have recently weighed in on DPC. Royal Bank Of Canada upped their target price on DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Rothschild & Co Redburn initiated coverage on DPC in a report on Monday, July 20th. They set a “buy” rating and a $53.50 target price on the stock. Jefferies Financial Group assumed coverage on shares of DPC in a report on Monday, July 20th. They issued a “buy” rating and a $56.00 price objective for the company. Morgan Stanley increased their price objective on DPC from $47.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of DPC to a “hold” rating in a research report on Saturday, July 4th.

Insider Activity at DPC

In related news, Director Dirkson R. Charles acquired 212,121 shares of DPC stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $33.00 per share, for a total transaction of $6,999,993.00. Following the completion of the purchase, the director owned 511,466 shares in the company, valued at approximately $16,878,378. The trade was a 70.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry F. Brooks purchased 10,604 shares of DPC stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $349,932.00. Following the transaction, the director directly owned 10,604 shares in the company, valued at $349,932. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 2,297,621 shares of company stock valued at $75,821,493.

Institutional Investors Weigh In On DPC

A number of hedge funds and other institutional investors have recently modified their holdings of DPC. Mudrick Capital Management L.P. acquired a new stake in DPC in the second quarter valued at $314,115,000. Irenic Capital Management LP purchased a new stake in DPC in the second quarter valued at approximately $41,201,000. SurgoCap Partners LP purchased a new stake in DPC in the 2nd quarter valued at $31,336,000. Wellington Management Group LLP purchased a new stake in shares of DPC in the second quarter valued at about $4,402,000. Finally, Tribune Investment Group LP acquired a new stake in DPC during the 2nd quarter worth approximately $3,105,000.

DPC Stock Up 4.7%

NYSE DPC opened at $42.52 on Friday. The company’s 50-day moving average is $47.02. DPC has a fifty-two week low of $37.65 and a fifty-two week high of $57.25.

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

About DPC

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.