Shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) hit a new 52-week high during trading on Tuesday after Credit Suisse Group AG raised their price target on the stock from $53.00 to $57.00. Credit Suisse Group AG currently has an outperform rating on the stock. Dunkin’ Brands Group traded as high as $54.19 and last traded at $54.19, with a volume of 1,044,782 shares trading hands. The stock had previously closed at $53.76.

A number of other equities analysts also recently issued reports on DNKN. Citigroup Inc. raised their price target on Dunkin’ Brands Group from $51.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Longbow Research reissued an “underperform” rating and set a $34.00 price target on shares of Dunkin’ Brands Group in a report on Monday, August 15th. Argus reissued a “buy” rating on shares of Dunkin’ Brands Group in a report on Thursday, October 27th. BMO Capital Markets set a $46.00 price target on Dunkin’ Brands Group and gave the company a “hold” rating in a report on Thursday, October 20th. Finally, RBC Capital Markets cut Dunkin’ Brands Group from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $51.00 to $54.00 in a report on Monday, October 17th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Dunkin’ Brands Group has an average rating of “Hold” and a consensus target price of $48.91.

In related news, VP John Varughese sold 7,095 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $49.10, for a total value of $348,364.50. Following the completion of the transaction, the vice president now owns 1,095 shares of the company’s stock, valued at $53,764.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul C. Carbone sold 3,804 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $47.24, for a total transaction of $179,700.96. Following the completion of the transaction, the chief financial officer now directly owns 24,905 shares of the company’s stock, valued at approximately $1,176,512.20. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Janus Capital Management LLC raised its stake in shares of Dunkin’ Brands Group by 3.6% in the second quarter. Janus Capital Management LLC now owns 8,625,794 shares of the company’s stock worth $376,257,000 after buying an additional 298,729 shares during the period. Morgan Stanley raised its stake in shares of Dunkin’ Brands Group by 85.2% in the third quarter. Morgan Stanley now owns 7,415,278 shares of the company’s stock worth $386,189,000 after buying an additional 3,410,726 shares during the period. Vanguard Group Inc. raised its stake in shares of Dunkin’ Brands Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 6,499,624 shares of the company’s stock worth $283,513,000 after buying an additional 121,691 shares during the period. Meritage Group LP raised its stake in shares of Dunkin’ Brands Group by 31.0% in the second quarter. Meritage Group LP now owns 4,961,112 shares of the company’s stock worth $216,404,000 after buying an additional 1,174,688 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Dunkin’ Brands Group by 4.3% in the third quarter. BlackRock Fund Advisors now owns 3,402,554 shares of the company’s stock worth $177,205,000 after buying an additional 139,591 shares during the period. 97.53% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 38.51 and a beta of 0.25. The firm has a 50-day moving average price of $49.93 and a 200 day moving average price of $47.43.

Dunkin’ Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, October 20th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business earned $207.10 million during the quarter, compared to the consensus estimate of $163.51 million. Dunkin’ Brands Group had a net margin of 15.98% and a negative return on equity of 95.96%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. Analysts expect that Dunkin’ Brands Group Inc. will post $2.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 21st will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 17th. This represents a $1.20 annualized dividend and a yield of 2.21%. Dunkin’ Brands Group’s dividend payout ratio is presently 85.11%.

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About Dunkin’ Brands Group

Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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