DPC (NYSE:DPC) Stock Gets Price Target Reduction from Royal Bank Of Canada

DPC (NYSE:DPC) had its price objective cut by Royal Bank Of Canada from $62.00 to $50.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on DPC. 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 on the stock. Wall Street Zen cut shares of DPC from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Barclays assumed coverage on shares of DPC in a report on Friday, October 9th. They issued an “overweight” rating and a $49.00 price target for the company. Jefferies Financial Group started coverage on shares of DPC in a research report on Monday, July 20th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Zacks Research upgraded shares of DPC to a “hold” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DPC currently has an average rating of “Hold” and a consensus target price of $50.30.

DPC Stock Down 6.5%

DPC opened at $27.39 on Wednesday. The firm has a 50 day simple moving average of $38.12. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. DPC has a 12-month low of $25.00 and a 12-month high of $57.25.

DPC (NYSE:DPC) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 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, sell-side analysts anticipate that DPC will post -0.66 EPS for the current year.

Institutional Trading of DPC

Several institutional investors have recently modified their holdings of DPC. Irenic Capital Management LP bought a new stake in shares of DPC during the second quarter valued at approximately $41,201,000. HBK Investments L P acquired a new position in shares of DPC in the second quarter valued at $72,750,000. BlueCrest Capital Management Ltd bought a new position in DPC in the second quarter worth $1,226,000. Tribune Investment Group LP bought a new position in DPC in the second quarter worth $3,105,000. Finally, SurgoCap Partners LP bought a new position in DPC in the second quarter worth $31,336,000.

DPC Company Profile

DPC Dash Ltd. (NYSE: DPC) is a quick-service restaurant company that develops and operates Domino’s Pizza stores in China. The company serves customers through a network of company-operated and franchised locations, offering pizzas, side dishes, desserts and beverages for delivery, carryout and dine-in service.

DPC Dash operates under an exclusive master franchise agreement with Domino’s Pizza for mainland China. Its business focuses on expanding the Domino’s brand in the Chinese market while adapting store operations, digital ordering and menu offerings to local consumer preferences.

The company traces its operations in China to 2010 and is headquartered in Shanghai.