DPC Holdings PLC (NYSE:DPC) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Five brokerages rate DPC Holdings an average “Moderate Buy,” with three buys and two holds. The average 12-month price target is $57.625, above the reported opening price of $42.52.
• DPC reported quarterly EPS of $0.05, missing the $0.08 consensus estimate, while revenue totaled $268.7 million. Analysts expect full-year EPS of approximately $0.45.
• Insiders and hedge funds have increased exposure: Company insiders bought 2.30 million shares worth about $75.8 million over the past 90 days, while several hedge funds established new positions during the second quarter.

Shares of DPC Holdings PLC (NYSE:DPC - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $57.6250.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on DPC in a report on Monday, July 20th. They set a "buy" rating and a $56.00 target price for the company. Wall Street Zen raised DPC to a "hold" rating in a research note on Saturday, July 4th. Morgan Stanley upped their price target on DPC from $47.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 12th. Rothschild & Co Redburn started coverage on shares of DPC in a report on Monday, July 20th. They issued a "buy" rating and a $53.50 target price on the stock. Finally, Zacks Research upgraded DPC to a "hold" rating in a research note on Tuesday, July 21st.

DPC Price Performance

Shares of DPC stock opened at $42.52 on Friday. The business's 50-day moving average price is $47.02. DPC has a 12-month low of $37.65 and a 12-month high of $57.25.

DPC (NYSE:DPC - Get Free Report) last issued its earnings results 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 business had revenue of $268.70 million during the quarter. Equities research analysts anticipate that DPC will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dirkson R. Charles acquired 212,121 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $6,999,993.00. Following the transaction, the director directly owned 511,466 shares of the company's stock, valued at approximately $16,878,378. This trade represents a 70.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry F. Brooks purchased 10,604 shares of the firm's stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of $33.00 per share, for a total transaction of $349,932.00. Following the completion of the acquisition, the director owned 10,604 shares of the company's stock, valued at approximately $349,932. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 2,297,621 shares of company stock valued at $75,821,493.

Hedge Funds Weigh In On DPC

Several hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd purchased a new stake in DPC in the 2nd quarter worth $1,226,000. Mudrick Capital Management L.P. purchased a new position in DPC during the second quarter worth $314,115,000. Readystate Asset Management LP bought a new position in DPC during the 2nd quarter valued at about $245,000. Irenic Capital Management LP bought a new position in shares of DPC during the second quarter valued at approximately $41,201,000. Finally, Tribune Investment Group LP bought a new position in DPC in the 2nd quarter valued at $3,105,000.

About DPC

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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