Dunkin’ Brands Group, Inc. (DNKN) Shares Bought by AHL Partners LLP
AHL Partners LLP raised its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 32.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,250 shares of the restaurant operator’s stock after buying an additional 44,811 shares during the quarter. AHL Partners LLP owned about 0.20% of Dunkin’ Brands Group worth $9,990,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DNKN. BlackRock Inc. lifted its holdings in shares of Dunkin’ Brands Group by 13,874.6% in the 1st quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock worth $392,023,000 after acquiring an additional 7,118,061 shares during the last quarter. Janus Capital Management LLC lifted its stake in Dunkin’ Brands Group by 8.4% during the 1st quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after acquiring an additional 754,740 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Dunkin’ Brands Group by 683.5% during the 1st quarter. JPMorgan Chase & Co. now owns 656,641 shares of the restaurant operator’s stock worth $35,905,000 after acquiring an additional 572,837 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Dunkin’ Brands Group by 82.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,269,121 shares of the restaurant operator’s stock worth $69,954,000 after acquiring an additional 571,831 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Dunkin’ Brands Group during the 1st quarter worth about $30,654,000. 92.73% of the stock is currently owned by institutional investors.
DNKN has been the topic of several research reports. BidaskClub raised 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 reaffirmed an “outperform” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Mizuho began coverage on shares of Dunkin’ Brands Group in a research report on Thursday, June 8th. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Dunkin’ Brands Group currently has a consensus rating of “Hold” and an average target price of $57.95.
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Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down 0.292% during midday trading on Monday, reaching $52.925. The company’s stock had a trading volume of 146,847 shares. The stock has a 50 day moving average of $52.57 and a 200-day moving average of $54.69. The company has a market capitalization of $4.78 billion, a P/E ratio of 23.213 and a beta of 0.24. 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 announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million for 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%. Dunkin’ Brands Group’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities research analysts anticipate that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were given a dividend of $0.3225 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.43%. Dunkin’ Brands Group’s dividend payout ratio is presently 56.33%.
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 stock was sold at an average price of $52.80, for a total value of $1,742,400.00. Following the sale, 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 legal filing with the SEC, which can be accessed through 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.
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