Fmr LLC trimmed its holdings in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 18.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,473,421 shares of the restaurant operator’s stock after selling 1,456,457 shares during the quarter. Fmr LLC owned approximately 7.09% of Dunkin’ Brands Group worth $356,815,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FNY Partners Fund LP increased its holdings in Dunkin’ Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 1,985 shares during the period. Russell Investments Group Ltd. increased its holdings in Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after buying an additional 109 shares during the period. Advisors Asset Management Inc. increased its holdings in Dunkin’ Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dunkin’ Brands Group by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after buying an additional 259 shares during the period. Finally, US Bancorp DE increased its holdings in Dunkin’ Brands Group by 1.8% during 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. 92.73% of the stock is currently owned by institutional investors.

In related news, SVP Karen Raskopf sold 33,000 shares of the 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 of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at 53.09 on Thursday. The stock’s 50 day moving average is $52.57 and its 200 day moving average is $54.69. The firm has a market capitalization of $4.79 billion, a P/E ratio of 23.29 and a beta of 0.23. Dunkin’ Brands Group, Inc. has a 1-year low of $46.55 and a 1-year high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $218.50 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.57 EPS. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were given a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 56.33%.

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Several brokerages recently issued reports on DNKN. Stephens reissued an “equal weight” rating and set a $54.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. BidaskClub downgraded shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and raised their target price for the company from $58.84 to $68.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. Finally, BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.95.

Dunkin’ Brands Group 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.

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

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