DPC (NYSE:DPC) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded DPC Dash to “Sell” from “Hold,” despite the broader analyst consensus remaining “Moderate Buy” with an average price target of $57.62.
• DPC shares opened at $41.08, up 1.7%, but the company’s latest quarterly earnings missed estimates: adjusted EPS was $0.05 versus the $0.08 consensus, on revenue of $268.7 million.
• Company insiders bought approximately 2.3 million shares worth $75.8 million over the past 90 days, while several hedge funds also established sizable new positions during the second quarter.

DPC (NYSE:DPC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

DPC has been the topic of a number of other reports. Royal Bank Of Canada increased their price objective on shares of DPC from $53.00 to $62.00 and gave the company an "outperform" rating in a research report 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 shares of DPC in a research note on Monday, July 20th. They set a "buy" rating and a $56.00 target price for the company. Rothschild & Co Redburn began coverage on DPC in a report on Monday, July 20th. They issued a "buy" rating and a $53.50 target price on the stock. Finally, Morgan Stanley raised their price target on DPC from $47.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.62.

DPC Stock Up 1.7%

NYSE:DPC opened at $41.08 on Friday. DPC has a 12-month low of $37.65 and a 12-month high of $57.25. The company has a fifty day moving average of $46.11.

DPC (NYSE:DPC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $268.70 million during the quarter. Equities research analysts predict that DPC will post 0.45 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Jason Mays acquired 85,973 shares of the firm's stock in a transaction on Friday, June 26th. The stock was bought at an average price of $33.00 per share, for a total transaction of $2,837,109.00. Following the completion of the purchase, the chief operating officer directly owned 93,456 shares of the company's stock, valued at approximately $3,084,048. The trade was a 1,148.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael (Mike) Joseph Quinn acquired 435,121 shares of the company's stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $14,358,993.00. Following the acquisition, the chief executive officer owned 435,121 shares of the company's stock, valued at approximately $14,358,993. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 2,297,621 shares of company stock valued at $75,821,493 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mudrick Capital Management L.P. purchased a new stake in DPC during the 2nd quarter valued at approximately $314,115,000. HBK Investments L P purchased a new position in shares of DPC in the 2nd quarter valued at approximately $72,750,000. Irenic Capital Management LP purchased a new position in shares of DPC in the 2nd quarter valued at approximately $41,201,000. SurgoCap Partners LP purchased a new position in shares of DPC in the 2nd quarter valued at approximately $31,336,000. Finally, Wellington Management Group LLP acquired a new position in shares of DPC in the second quarter valued at approximately $4,402,000.

DPC Company Profile

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.

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