Dunkin’ Brands Group, Inc. (DNKN) Receives Hold Rating from BMO Capital Markets
A number of other equities research analysts also recently issued reports on DNKN. BidaskClub upgraded shares of Dunkin’ Brands Group from a sell rating to a hold rating in a research report on Saturday, August 5th. Royal Bank Of Canada restated an outperform rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Cowen and Company restated a hold rating and set a $55.00 price target on shares of Dunkin’ Brands Group in a report on Friday, September 1st. Mizuho assumed coverage on shares of Dunkin’ Brands Group in a report on Thursday, June 8th. They set a neutral rating and a $56.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Dunkin’ Brands Group from a buy rating to a hold rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $57.95.
Dunkin’ Brands Group (NASDAQ DNKN) opened at 51.33 on Wednesday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 22.51 and a beta of 0.23. The firm has a 50-day moving average price of $52.75 and a 200 day moving average price of $54.83. Dunkin’ Brands Group has a one year low of $46.55 and a one year high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company had revenue of $218.50 million during the quarter, compared to the consensus estimate of $220.77 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were paid a $0.3225 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.51%. Dunkin’ Brands Group’s payout ratio is presently 56.33%.
In related news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC acquired a new stake in Dunkin’ Brands Group in the 2nd quarter worth $104,000. FNY Partners Fund LP grew its position in Dunkin’ Brands Group by 13,233.3% in the 2nd quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,985 shares during the last quarter. Russell Investments Group Ltd. grew its position in Dunkin’ Brands Group by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after purchasing an additional 109 shares during the last quarter. Advisors Asset Management Inc. grew its position in Dunkin’ Brands Group by 12.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dunkin’ Brands Group by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 92.77% 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.
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