Tocqueville Asset Management L.P. cut its position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,510 shares of the restaurant operator’s stock after selling 1,780 shares during the period. Tocqueville Asset Management L.P. owned about 0.05% of Dunkin’ Brands Group worth $2,619,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DNKN. Teachers Advisors LLC increased its stake in Dunkin’ Brands Group by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 85,669 shares of the restaurant operator’s stock worth $4,492,000 after buying an additional 4,291 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Dunkin’ Brands Group by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 25,482 shares of the restaurant operator’s stock worth $1,393,000 after buying an additional 1,550 shares during the last quarter. Russell Investments Group Ltd. increased its stake in 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 during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Dunkin’ Brands Group by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 32,282 shares of the restaurant operator’s stock worth $1,765,000 after buying an additional 400 shares during the last quarter. Finally, Barrett Asset Management LLC increased its stake in Dunkin’ Brands Group by 0.8% in the first quarter. Barrett Asset Management LLC now owns 103,335 shares of the restaurant operator’s stock worth $5,650,000 after buying an additional 825 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at 52.29 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of 22.93 and a beta of 0.21. The company’s 50-day moving average price is $53.35 and its 200-day moving average price is $54.99. Dunkin’ Brands Group, Inc. has a 12-month low of $46.55 and a 12-month high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million during the quarter, compared to the consensus estimate of $220.77 million. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. Dunkin’ Brands Group’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be issued a $0.3225 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 annualized dividend and a yield of 2.47%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

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DNKN has been the topic of a number of research reports. Royal Bank Of Canada raised Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $54.00 to $64.00 in a research note on Monday, May 1st. Maxim Group lifted their price objective 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. Wedbush reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a research note on Friday, May 5th. Zacks Investment Research raised Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Finally, BMO Capital Markets lifted their price objective on Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Dunkin’ Brands Group presently has a consensus rating of “Hold” and a consensus target price of $57.72.

In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Dunkin’ Brands Group Company Profile

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.

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

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