DPC (NYSE:DPC) Stock Picked Up by Analysts at Barclays

Stock analysts at Barclays started coverage on shares of DPC (NYSE:DPC) in a report issued on Friday, Briefing.com reports. The brokerage set an “overweight” rating and a $49.00 price target on the stock. Barclays‘s target price suggests a potential upside of 25.95% from the stock’s previous close.

DPC has been the subject of several other research reports. Zacks Research raised DPC to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings initiated coverage on shares of DPC in a research note on Monday, September 21st. They set a “sell (d)” rating on the stock. Royal Bank Of Canada increased their target price on shares of DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen cut DPC from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Rothschild & Co Redburn initiated coverage on DPC in a research report on Monday, July 20th. They set a “buy” rating and a $53.50 target price on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.90.

DPC Stock Down 4.7%

Shares of NYSE DPC opened at $38.91 on Friday. DPC has a 52 week low of $37.65 and a 52 week high of $57.25. The firm has a 50 day moving average price of $44.54. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $5.81 billion and a price-to-earnings ratio of 778.10.

DPC (NYSE:DPC) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $268.70 million for the quarter. As a group, research analysts expect that DPC will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On DPC

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

About DPC

DPC Dash Ltd. (NYSE: DPC) is a China-based quick-service restaurant company that operates Domino’s Pizza stores in mainland China. The company serves customers through a combination of delivery, carryout and in-store dining channels.

Its menu includes pizzas, side dishes, desserts and beverages, with offerings adapted to local consumer preferences. DPC Dash also operates digital ordering platforms, including online and mobile channels, to support order placement, delivery and customer engagement.

The company serves markets across mainland China under an exclusive master franchise arrangement with Domino’s Pizza.