DPC (NYSE:DPC) Shares Gap Up on Earnings Beat

DPC Holdings PLC (NYSE:DPC) shares gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $31.68, but opened at $33.08. DPC shares last traded at $33.04, with a volume of 295,685 shares trading hands.

The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.15 by $0.34. The firm had revenue of $308.10 million for the quarter. DPC has set its FY 2027 guidance at 1.000-1.100 EPS.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DPC shares. Rothschild & Co Redburn began coverage on shares of DPC in a report on Monday, July 20th. They issued a “buy” rating and a $53.50 target price for the company. Weiss Ratings downgraded shares of DPC from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 28th. Morgan Stanley reduced their price objective on shares of DPC from $59.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Wall Street Zen downgraded shares of DPC from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, Barclays began coverage on DPC in a research report on Friday, October 9th. They set an “overweight” rating and a $49.00 target price for the company. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DPC has an average rating of “Hold” and a consensus price target of $50.30.

Institutional Trading of DPC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mudrick Capital Management L.P. bought a new stake in shares of DPC during the second quarter worth $314,115,000. William Blair Investment Management LLC grew its holdings in shares of DPC by 197.1% in the third quarter. William Blair Investment Management LLC now owns 1,901,643 shares of the company’s stock worth $80,363,000 after purchasing an additional 1,261,638 shares during the last quarter. HBK Investments L P bought a new position in shares of DPC in the second quarter worth about $72,750,000. Irenic Capital Management LP purchased a new position in DPC in the 2nd quarter worth about $41,201,000. Finally, SurgoCap Partners LP purchased a new position in DPC in the 2nd quarter worth about $31,336,000.

DPC Trading Up 4.3%

The business has a 50 day moving average price of $35.89. The company has a market capitalization of $4.94 billion and a P/E ratio of 660.70. 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 Company Profile

DPC Dash Limited operates Domino’s Pizza restaurants in China under a master franchise arrangement. Its business includes preparing and selling pizzas and other menu items through company-operated stores, along with delivery and carryout services. The company serves customers in mainland China, where it has expanded its restaurant network across multiple cities. Its operations focus on adapting Domino’s menu and service model to local markets while maintaining the brand’s core offerings. DPC Dash was established in 2010 and is headquartered in Shanghai, China.