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DCIN Gets $9 Price Target from Vista Partners; 47% Gain from Current Levels
Just before the opening bell, Vista Partners announced its initiation of coverage on Digital Cinema Destinations Corp. with a twelve-month price target of $9.00. At the close of yesterday’s trading session, the company’s stock traded at $6.12.
Ross Silver, Principal Analyst at Vista Partners, stated, “DCIN is dedicated to identifying, acquiring, and managing solid performing movie theaters via accretive transactions and operates them under the brand name, Digiplex Destinations. DCIN was formed in 2010 to take advantage of the digital disruption taking place within the industry as well as the growing consumer demand for alternative content and its ability to positively leverage fixed theater assets.”
“Management’s strategy for DCIN is to continue to acquire cash flow positive theaters within the nation’s top 100 markets and boost those theaters’ margins through both synergistic operational improvements as well as an increased use of alternative content,” Mr. Silver continued. “In the coming years, management has a goal of ultimately expanding to a total of 100 theaters and 1,000 screens in operation.”
The complete research report is available for download at www.vistapglobal.com
For more information on Digital Cinema Destinations, visit www.digiplexdest.com
