Barclays Initiates Coverage on DPC (NYSE:DPC)

Key Points

• Barclays initiated coverage of DPC with an “overweight” rating and a $49 price target, implying approximately 26% upside from the cited share price.
• Analyst sentiment is mixed: DPC has four Buy ratings, two Holds and one Sell, resulting in an average “Hold” rating and an average price target of $55.90.
• DPC shares opened at $38.91 after a reported 4.7% decline. The company recently missed quarterly EPS estimates, reporting $0.05 versus the $0.08 consensus, while revenue totaled $268.7 million.

Barclays assumed coverage on shares of DPC (NYSE:DPC - Get Free Report) in a research report issued on Friday, Briefing.com reports. The brokerage set an "overweight" rating and a $49.00 price target on the stock. Barclays's price objective suggests a potential upside of 25.95% from the stock's current price.

Several other research analysts have also recently issued reports on DPC. 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 report on Wednesday, August 12th. Morgan Stanley upped their price target on shares of DPC from $47.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. Jefferies Financial Group started coverage on shares of DPC in a report on Monday, July 20th. They set a "buy" rating and a $56.00 price objective on the stock. Zacks Research raised shares of DPC to a "hold" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings began coverage on DPC in a report on Monday, September 21st. They set a "sell (d)" rating for the company. Four research 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $55.90.

DPC Stock Down 4.7%

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

DPC (NYSE:DPC - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share 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 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On DPC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zevenbergen Capital Investments LLC purchased a new stake in DPC in the third quarter valued at about $315,000. HBK Investments L P acquired a new position in shares of DPC during the second quarter valued at about $72,750,000. BlueCrest Capital Management Ltd purchased a new position in shares of DPC in the 2nd quarter valued at approximately $1,226,000. Mudrick Capital Management L.P. acquired a new stake in DPC in the 2nd quarter worth approximately $314,115,000. Finally, Readystate Asset Management LP acquired a new stake in DPC in the 2nd quarter worth approximately $245,000.

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.

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