DPC Holdings PLC (NYSE:DPC) Stock Has Consensus Price Target of $57.62 According to Brokerages

DPC Holdings PLC (NYSE:DPC) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $55.90.

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of DPC to a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of DPC from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Royal Bank Of Canada increased their price target on shares of DPC from $53.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Jefferies Financial Group began coverage on shares of DPC in a report on Monday, July 20th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Barclays assumed coverage on shares of DPC in a research report on Friday. They set an “overweight” rating and a $49.00 price objective for the company.

Hedge Funds Weigh In On DPC

Several institutional investors and hedge funds have recently made changes to their positions in DPC. Irenic Capital Management LP bought a new stake in DPC in the 2nd quarter valued at $41,201,000. HBK Investments L P acquired a new position in DPC in the 2nd quarter valued at $72,750,000. BlueCrest Capital Management Ltd acquired a new position in DPC in the 2nd quarter valued at $1,226,000. Tribune Investment Group LP acquired a new position in DPC in the 2nd quarter valued at $3,105,000. Finally, SurgoCap Partners LP bought a new position in DPC during the 2nd quarter worth $31,336,000.

DPC Price Performance

Shares of DPC stock opened at $36.03 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $44.16. DPC has a 1 year low of $35.86 and a 1 year high of $57.25. The firm has a market cap of $5.38 billion and a P/E ratio of 720.64.

DPC (NYSE:DPC) last released its quarterly earnings data 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 for the quarter. As a group, equities analysts anticipate that DPC will post 0.45 earnings per share for the current fiscal year.

DPC Company Profile

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.