MADDEN SECURITIES Corp Purchases New Position in DPC Holdings PLC $DPC

MADDEN SECURITIES Corp purchased a new stake in shares of DPC Holdings PLC (NYSE:DPC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 38,720 shares of the company’s stock, valued at approximately $1,636,000.

A number of other hedge funds also recently modified their holdings of DPC. Sterling Capital Management LLC bought a new stake in shares of DPC in the third quarter worth $25,000. Readystate Asset Management LP acquired a new stake in DPC in the second quarter valued at $245,000. Zevenbergen Capital Investments LLC bought a new position in DPC during the 3rd quarter worth $315,000. BlueCrest Capital Management Ltd bought a new position in DPC during the 2nd quarter worth $1,226,000. Finally, Tribune Investment Group LP bought a new position in DPC during the 2nd quarter worth $3,105,000.

Analysts Set New Price Targets

Several research analysts have commented on DPC shares. Barclays started coverage on DPC in a report on Friday, October 9th. They set an “overweight” rating and a $49.00 target price on the stock. Wall Street Zen downgraded DPC from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Jefferies Financial Group assumed coverage on DPC in a research note on Monday, July 20th. They issued a “buy” rating and a $56.00 price objective on the stock. Zacks Research raised DPC to a “hold” rating in a research note on Tuesday, July 21st. Finally, 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. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.70.

DPC Stock Performance

NYSE:DPC opened at $28.23 on Wednesday. DPC Holdings PLC has a 52 week low of $25.00 and a 52 week high of $57.25. The company has a fifty day moving average price of $39.29.

DPC (NYSE:DPC) last announced its earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $268.70 million for the quarter. Equities research analysts forecast that DPC Holdings PLC will post -0.66 earnings per share for the current year.

DPC Company Profile

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.