Wall Street Zen Downgrades DPC (NYSE:DPC) to Sell

DPC (NYSE:DPC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

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

DPC Stock Performance

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

DPC (NYSE:DPC) last announced its earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $268.70 million during the quarter. On average, equities analysts predict that DPC will post 0.45 earnings per share for the current year.

Insider Buying and Selling at DPC

In other news, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of the company’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $33.00 per share, for a total transaction of $14,358,993.00. Following the completion of the transaction, the chief executive officer directly owned 435,121 shares in the company, valued at $14,358,993. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dirkson R. Charles acquired 903,448 shares of DPC stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, with a total value of $29,813,784.00. Following the completion of the purchase, the director owned 903,448 shares of the company’s stock, valued at approximately $29,813,784. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 2,297,621 shares of company stock valued at $75,821,493.

Hedge Funds Weigh In On DPC

Large investors have recently made changes to their positions in the business. HBK Investments L P purchased a new stake in shares of DPC during the second quarter worth about $72,750,000. BlueCrest Capital Management Ltd bought a new stake in DPC during the 2nd quarter valued at approximately $1,226,000. Mudrick Capital Management L.P. purchased a new position in DPC in the 2nd quarter worth approximately $314,115,000. Readystate Asset Management LP purchased a new position in DPC in the 2nd quarter worth approximately $245,000. Finally, Irenic Capital Management LP bought a new position in DPC in the 2nd quarter worth approximately $41,201,000.

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.