Dingdong (Cayman) (NYSE:DDL) Releases Earnings Results

Dingdong (Cayman) (NYSE:DDL) issued its quarterly earnings data on Thursday. The company reported $0.11 EPS for the quarter, Zacks reports. Dingdong (Cayman) had a net margin of 0.91% and a return on equity of 23.14%.

Dingdong (Cayman) Stock Down 0.2%

Shares of NYSE:DDL traded down $0.01 on Thursday, hitting $2.59. The company had a trading volume of 267,318 shares, compared to its average volume of 1,494,022. The firm’s 50-day simple moving average is $2.60 and its two-hundred day simple moving average is $2.51. The firm has a market capitalization of $610.65 million, a price-to-earnings ratio of 19.89 and a beta of 0.44. Dingdong has a 1 year low of $1.65 and a 1 year high of $3.41.

Institutional Trading of Dingdong (Cayman)

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its position in Dingdong (Cayman) by 66.7% during the 3rd quarter. Raymond James Financial Inc. now owns 25,000 shares of the company’s stock valued at $52,000 after acquiring an additional 10,000 shares in the last quarter. State Street Corp lifted its stake in shares of Dingdong (Cayman) by 6.2% in the 4th quarter. State Street Corp now owns 275,642 shares of the company’s stock valued at $686,000 after purchasing an additional 16,034 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Dingdong (Cayman) by 8.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 223,125 shares of the company’s stock valued at $462,000 after purchasing an additional 16,919 shares during the period. Centiva Capital LP bought a new stake in shares of Dingdong (Cayman) during the third quarter valued at approximately $56,000. Finally, BNP Paribas Financial Markets grew its stake in Dingdong (Cayman) by 43,678.9% in the second quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company’s stock worth $67,000 after purchasing an additional 33,196 shares during the period. 24.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DDL shares. Zacks Research upgraded Dingdong (Cayman) from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings cut Dingdong (Cayman) from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dingdong (Cayman) has a consensus rating of “Hold”.

About Dingdong (Cayman)

Dingdong (Cayman) Inc, which operates under the Dingdong Fresh brand, is a China-based online grocery and fresh food delivery platform. The company leverages a network of urban micro-fulfillment centers to offer consumers a wide selection of produce, meats, seafood, dairy, packaged goods and everyday household items through its mobile application and website.

Orders placed via the Dingdong Fresh app are fulfilled from strategically located dark stores within target neighborhoods, enabling the company to promise delivery times as fast as 20–30 minutes.