Dunkin’ Brands Group Inc. (DNKN) Price Target Raised to $57.00 at Credit Suisse Group AG
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) had its target price raised by Credit Suisse Group AG from $53.00 to $57.00 in a research note released on Tuesday. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also issued reports on DNKN. Citigroup Inc. raised their price target on Dunkin’ Brands Group from $51.00 to $57.00 and gave the stock a buy rating in a research note on Tuesday, September 13th. Longbow Research restated an underperform rating and issued a $34.00 price objective on shares of Dunkin’ Brands Group in a report on Monday, August 15th. Argus restated a buy rating on shares of Dunkin’ Brands Group in a report on Thursday, October 27th. BMO Capital Markets set a $46.00 price objective on Dunkin’ Brands Group and gave the stock a hold rating in a report on Thursday, October 20th. Finally, RBC Capital Markets downgraded Dunkin’ Brands Group from an outperform rating to a sector perform rating and raised their price objective for the stock from $51.00 to $54.00 in a report on Monday, October 17th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Dunkin’ Brands Group currently has a consensus rating of Hold and a consensus target price of $48.91.
Dunkin’ Brands Group (NASDAQ:DNKN) opened at 54.19 on Tuesday. Dunkin’ Brands Group has a one year low of $36.44 and a one year high of $54.16. The firm has a market capitalization of $4.97 billion, a P/E ratio of 38.51 and a beta of 0.25. The company 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 issued its quarterly earnings results on Thursday, October 20th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Dunkin’ Brands Group had a negative return on equity of 95.96% and a net margin of 15.98%. The firm had revenue of $207.10 million for the quarter, compared to analyst estimates of $163.51 million. During the same period last year, the company earned $0.52 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Dunkin’ Brands Group will post $2.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, November 17th. Dunkin’ Brands Group’s dividend payout ratio is presently 85.11%.
In other news, SVP Scott Murphy sold 18,750 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $47.23, for a total transaction of $885,562.50. Following the sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $1,204,553.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul C. Carbone sold 3,804 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $47.24, for a total value of $179,700.96. Following the sale, the chief financial officer now directly owns 24,905 shares in the company, valued at $1,176,512.20. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. 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. Meritage Group LP increased its position 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 in the last quarter. Suvretta Capital Management LLC acquired a new position in shares of Dunkin’ Brands Group during the second quarter worth $32,676,000. Fiera Capital Corp acquired a new position in shares of Dunkin’ Brands Group during the second quarter worth $29,746,000. Finally, Ameriprise Financial Inc. increased its position in shares of Dunkin’ Brands Group by 246.0% in the third quarter. Ameriprise Financial Inc. now owns 830,552 shares of the company’s stock worth $43,255,000 after buying an additional 590,487 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Dunkin' Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin' Brands Group Inc. and related stocks with our FREE daily email newsletter.