Comerica Bank grew its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,882 shares of the restaurant operator’s stock after acquiring an additional 1,044 shares during the quarter. Comerica Bank owned 0.09% of Dunkin’ Brands Group worth $4,779,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC bought a new stake in shares of Dunkin’ Brands Group in the 2nd quarter valued at about $104,000. FNY Partners Fund LP increased its stake in shares of 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 valued at $110,000 after acquiring an additional 1,985 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of 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 valued at $172,000 after acquiring an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 valued at $183,000 after acquiring an additional 259 shares during the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Dunkin’ Brands Group in the 2nd quarter valued at about $202,000. 93.05% of the stock is owned by institutional investors.

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A number of research firms recently issued reports on DNKN. BMO Capital Markets set a $58.00 target price on Dunkin’ Brands Group and gave the stock a “hold” rating in a research note on Friday, October 27th. JMP Securities increased their target price on Dunkin’ Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Cowen and Company reissued a “hold” rating and set a $55.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $63.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, October 20th. Finally, Maxim Group reissued a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.58.

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) opened at $56.35 on Thursday. The firm has a market cap of $5,121.31, a P/E ratio of 23.33, a PEG ratio of 1.76 and a beta of 0.30. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. Dunkin’ Brands Group, Inc. has a 52 week low of $50.26 and a 52 week high of $60.66.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. equities research analysts predict that Dunkin’ Brands Group, Inc. will post 2.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be issued a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s payout ratio is presently 56.33%.

Dunkin’ Brands Group announced that its board has approved a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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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