Quantitative Systematic Strategies LLC acquired a new position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,421 shares of the restaurant operator’s stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DNKN. US Bancorp DE boosted its position in shares of Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after buying an additional 63 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Dunkin’ Brands Group by 0.7% in the first quarter. Proficio Capital Partners LLC now owns 10,459 shares of the restaurant operator’s stock worth $593,000 after buying an additional 73 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Dunkin’ Brands Group by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after buying an additional 109 shares in the last quarter. Creative Planning boosted its position in shares of Dunkin’ Brands Group by 1.6% in the first quarter. Creative Planning now owns 8,954 shares of the restaurant operator’s stock worth $490,000 after buying an additional 140 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Dunkin’ Brands Group by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,006 shares of the restaurant operator’s stock worth $382,000 after buying an additional 266 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million during the quarter, compared to analyst estimates of $220.77 million. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be issued a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio is currently 56.33%.

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A number of brokerages have commented on DNKN. Wedbush restated a “hold” rating and set a $54.00 price objective on shares of Dunkin’ Brands Group in a research note on Monday, May 15th. BMO Capital Markets boosted their price target on Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 15th. Stephens reiterated an “equal weight” rating and issued a $54.00 price target on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. BidaskClub upgraded Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Maxim Group boosted their price target on Dunkin’ Brands Group from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.47.

In related news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the sale, the senior vice president now owns 33,000 shares of the company’s stock, valued at $1,742,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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