DPC (NYSE:DPC) Downgraded to “Sell” Rating by Wall Street Zen

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

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

DPC Stock Up 1.7%

Shares of NYSE:DPC opened at $41.08 on Friday. The stock has a 50-day simple moving average of $46.11. DPC has a fifty-two week low of $37.65 and a fifty-two week high of $57.25.

DPC (NYSE:DPC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $268.70 million for the quarter. Sell-side analysts forecast that DPC will post 0.45 earnings per share for the current year.

Insider Activity

In other DPC news, CFO David John Egan acquired 275,363 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the transaction, the chief financial officer directly owned 294,529 shares in the company, valued at approximately $9,719,457. The trade was a 1,436.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley A. Deal acquired 16,360 shares of DPC stock in a transaction dated Friday, June 26th. The stock was bought at an average price of $33.00 per share, with a total value of $539,880.00. Following the completion of the purchase, the director directly owned 16,360 shares in the company, valued at $539,880. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 2,297,621 shares of company stock worth $75,821,493.

Institutional Trading of DPC

A number of hedge funds and other institutional investors have recently bought and sold shares of DPC. Readystate Asset Management LP purchased a new position in shares of DPC during the 2nd quarter valued at about $245,000. BlueCrest Capital Management Ltd purchased a new stake in DPC in the 2nd quarter worth approximately $1,226,000. Tribune Investment Group LP purchased a new stake in DPC in the 2nd quarter worth approximately $3,105,000. Wellington Management Group LLP bought a new stake in DPC during the 2nd quarter worth approximately $4,402,000. Finally, SurgoCap Partners LP purchased a new position in DPC during the second quarter valued at approximately $31,336,000.

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.