Victory Capital Management Inc. increased its position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 82.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,269,121 shares of the restaurant operator’s stock after buying an additional 571,831 shares during the period. Victory Capital Management Inc. owned about 1.39% of Dunkin’ Brands Group worth $69,954,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of Dunkin’ Brands Group by 0.7% in the first quarter. Swiss National Bank now owns 151,800 shares of the restaurant operator’s stock valued at $8,300,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC raised its stake in shares of Dunkin’ Brands Group by 11.9% in the first quarter. LS Investment Advisors LLC now owns 7,143 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 760 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Dunkin’ Brands Group by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 1,169,157 shares of the restaurant operator’s stock valued at $63,929,000 after buying an additional 52,786 shares during the period. US Bancorp DE raised its stake 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 valued at $191,000 after buying an additional 63 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $213,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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

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

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

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Several analysts recently issued reports on DNKN shares. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, July 17th. Bank of America Corporation restated a “neutral” rating and set a $62.00 target price (up from $60.00) on shares of Dunkin’ Brands Group in a research report on Tuesday, June 13th. BidaskClub upgraded shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada upgraded shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $54.00 to $64.00 in a research report on Monday, May 1st. Finally, Maxim Group restated a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Dunkin’ Brands Group has an average rating of “Hold” and a consensus price target of $57.72.

In related news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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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