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

Shares of DPC Holdings PLC (NYSE:DPC) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.62.

DPC has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of DPC from $47.00 to $59.00 and gave the company an “equal weight” 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 set a “buy” rating and a $56.00 target price on the stock. Zacks Research raised shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings assumed coverage on shares of DPC in a research note on Monday, September 21st. They issued a “sell (d)” rating for the company. Finally, Royal Bank Of Canada upped their price objective on DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On DPC

Several large investors have recently bought and sold shares of DPC. Mudrick Capital Management L.P. acquired a new stake in DPC in the 2nd quarter valued at about $314,115,000. HBK Investments L P purchased a new stake in shares of DPC during the second quarter worth approximately $72,750,000. Irenic Capital Management LP acquired a new stake in DPC in the second quarter valued at approximately $41,201,000. SurgoCap Partners LP acquired a new stake in DPC in the second quarter valued at approximately $31,336,000. Finally, Wellington Management Group LLP purchased a new position in DPC in the second quarter worth approximately $4,402,000.

DPC Stock Performance

Shares of DPC stock opened at $38.91 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.22. The firm’s 50-day moving average price is $44.54. DPC has a 12 month low of $37.65 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $268.70 million for the quarter. Research analysts predict that DPC will post 0.45 EPS for the current 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.