DPC Holdings PLC (NYSE:DPC) Stock Has Average Price Target of $50.30

Shares of DPC Holdings PLC (NYSE:DPC) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.30.

DPC has been the subject of several research reports. Royal Bank Of Canada decreased their target price on DPC from $62.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Morgan Stanley cut their price target on shares of DPC from $59.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Weiss Ratings lowered DPC from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 28th. Jefferies Financial Group started coverage on shares of DPC in a research report on Monday, July 20th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Wall Street Zen cut DPC from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th.

DPC Price Performance

Shares of DPC stock opened at $28.75 on Friday. DPC has a 1-year low of $25.00 and a 1-year high of $57.25. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average is $36.56.

DPC (NYSE:DPC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $268.70 million during the quarter. On average, research analysts forecast that DPC will post -0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On DPC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Irenic Capital Management LP acquired a new position in DPC in the second quarter worth approximately $41,201,000. HBK Investments L P bought a new position in DPC in the 2nd quarter valued at $72,750,000. BlueCrest Capital Management Ltd bought a new position in DPC during the 2nd quarter worth approximately $1,226,000. Tribune Investment Group LP bought a new position in DPC during the 2nd quarter valued at about $3,105,000. Finally, SurgoCap Partners LP bought a new position in DPC during the second quarter valued at $31,336,000.

DPC Company Profile

DPC Dash Ltd. (NYSE: DPC) is a quick-service restaurant company that develops and operates Domino’s Pizza stores in China. The company serves customers through a network of company-operated and franchised locations, offering pizzas, side dishes, desserts and beverages for delivery, carryout and dine-in service.

DPC Dash operates under an exclusive master franchise agreement with Domino’s Pizza for mainland China. Its business focuses on expanding the Domino’s brand in the Chinese market while adapting store operations, digital ordering and menu offerings to local consumer preferences.

The company traces its operations in China to 2010 and is headquartered in Shanghai.