Weiss Ratings Reaffirms "Hold (C-)" Rating for Dingdong (Cayman) (NYSE:DDL)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Dingdong (Cayman) (NYSE:DDL), while Wall Street Zen upgraded its rating from "Hold" to "Buy".
• Dingdong (Cayman) reported a revenue of $834.20 million in its latest quarterly earnings, with an EPS of $0.06 and a return on equity of 41.69%.
• The company's stock price remained flat at $1.96, with a 12-month high of $4.79 and a market capitalization of $463.01 million.

Dingdong (Cayman) (NYSE:DDL - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Dingdong (Cayman) from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Dingdong (Cayman) Stock Performance

DDL remained flat at $1.96 on Wednesday. The company had a trading volume of 695,727 shares, compared to its average volume of 698,663. The stock's fifty day simple moving average is $2.14 and its two-hundred day simple moving average is $2.22. Dingdong has a 12-month low of $1.93 and a 12-month high of $4.79. The company has a market capitalization of $463.01 million, a PE ratio of 9.33 and a beta of 0.47.

Dingdong (Cayman) (NYSE:DDL - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.06 EPS for the quarter. Dingdong (Cayman) had a return on equity of 41.69% and a net margin of 1.39%.The company had revenue of $834.20 million during the quarter. Analysts expect that Dingdong will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Dingdong (Cayman)

A number of large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. bought a new stake in shares of Dingdong (Cayman) during the second quarter worth $32,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Dingdong (Cayman) during the second quarter worth $54,000. Mackenzie Financial Corp bought a new stake in shares of Dingdong (Cayman) during the first quarter worth $81,000. BNP Paribas Financial Markets grew its holdings in shares of Dingdong (Cayman) by 43,678.9% during the second quarter. BNP Paribas Financial Markets now owns 33,272 shares of the company's stock worth $67,000 after purchasing an additional 33,196 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Dingdong (Cayman) during the fourth quarter worth $110,000. 24.66% of the stock is currently owned by institutional investors.

Dingdong (Cayman) Company Profile

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.

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