DPC Holdings PLC (NYSE:DPC) Receives Average Recommendation of “Moderate Buy” from Analysts

DPC Holdings PLC (NYSE:DPC) has been given an average rating of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $57.6250.

A number of equities analysts have weighed in on the company. Jefferies Financial Group initiated coverage on DPC in a research note on Monday, July 20th. They set a “buy” rating and a $56.00 price objective on the stock. Rothschild & Co Redburn began coverage on DPC in a report on Monday, July 20th. They set a “buy” rating and a $53.50 price target on the stock. Royal Bank Of Canada boosted their price target on shares of DPC from $53.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Zacks Research raised shares of DPC to a “hold” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of DPC to a “hold” rating in a research report on Saturday, July 4th.

DPC Trading Up 1.9%

DPC opened at $40.26 on Friday. DPC has a twelve month low of $37.65 and a twelve month high of $57.25. The stock’s 50-day simple moving average is $46.27.

DPC (NYSE:DPC) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $268.70 million for the quarter. Equities analysts predict that DPC will post 0.45 EPS for the current year.

Insider Buying and Selling at DPC

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

Institutional Investors Weigh In On DPC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mudrick Capital Management L.P. acquired a new position in shares of DPC in the 2nd quarter valued at $314,115,000. HBK Investments L P acquired a new stake in shares of DPC during the 2nd quarter worth about $72,750,000. Irenic Capital Management LP purchased a new stake in DPC in the 2nd quarter valued at about $41,201,000. SurgoCap Partners LP purchased a new stake in DPC in the 2nd quarter valued at about $31,336,000. Finally, Wellington Management Group LLP acquired a new position in DPC in the second quarter valued at about $4,402,000.

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.