DPC (NYSE:DPC) Given New $50.00 Price Target at Royal Bank Of Canada

DPC (NYSE:DPC) had its price objective reduced by Royal Bank Of Canada from $62.00 to $50.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target would indicate a potential upside of 84.60% from the company’s current price.

Several other equities research analysts have also issued reports on DPC. Barclays initiated coverage on DPC in a research note on Friday, October 9th. They set an “overweight” rating and a $49.00 price target for 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 price objective on the stock. Morgan Stanley dropped their target price on DPC from $59.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Weiss Ratings assumed coverage on DPC in a research note on Monday, September 21st. They issued a “sell (d)” rating for the company. Finally, Rothschild & Co Redburn initiated coverage on shares of DPC in a research report on Monday, July 20th. They set a “buy” rating and a $53.50 price target on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.30.

DPC Price Performance

DPC stock traded down $1.16 during midday trading on Wednesday, reaching $27.09. The company had a trading volume of 190,996 shares, compared to its average volume of 1,319,413. The company’s 50-day moving average is $39.29. DPC has a 1 year low of $25.00 and a 1 year high of $57.25.

DPC (NYSE:DPC) last posted its quarterly earnings data 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 firm had revenue of $268.70 million for the quarter. On average, research analysts expect that DPC will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. MADDEN SECURITIES Corp bought a new stake in DPC during the 3rd quarter valued at $1,636,000. Sterling Capital Management LLC purchased a new position in shares of DPC in the third quarter valued at about $25,000. Zevenbergen Capital Investments LLC purchased a new position in shares of DPC in the third quarter valued at about $315,000. HBK Investments L P purchased a new position in shares of DPC in the second quarter valued at about $72,750,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of DPC during the second quarter valued at about $1,226,000.

About DPC

DPC Dash Ltd. (NYSE: DPC) is a quick-service restaurant company that develops and operates Domino’s Pizza stores in China. The company serves customers through a network of company-operated and franchised locations, offering pizzas, side dishes, desserts and beverages for delivery, carryout and dine-in service.

DPC Dash operates under an exclusive master franchise agreement with Domino’s Pizza for mainland China. Its business focuses on expanding the Domino’s brand in the Chinese market while adapting store operations, digital ordering and menu offerings to local consumer preferences.

The company traces its operations in China to 2010 and is headquartered in Shanghai.