Legal & General Group Plc raised its holdings in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,606 shares of the restaurant operator’s stock after purchasing an additional 8,060 shares during the quarter. Legal & General Group Plc owned approximately 0.09% of Dunkin Brands Group worth $4,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DNKN. US Bancorp DE lifted its holdings in shares of Dunkin Brands Group by 8.2% during the second quarter. US Bancorp DE now owns 3,792 shares of the restaurant operator’s stock worth $209,000 after buying an additional 287 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Dunkin Brands Group by 117.3% during the second quarter. Russell Investments Group Ltd. now owns 6,651 shares of the restaurant operator’s stock worth $366,000 after buying an additional 3,590 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Dunkin Brands Group by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 371,433 shares of the restaurant operator’s stock worth $20,474,000 after buying an additional 21,304 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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 worth $172,000 after buying an additional 336 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Dunkin Brands Group by 40.1% during the second quarter. SG Americas Securities LLC now owns 31,254 shares of the restaurant operator’s stock worth $1,723,000 after buying an additional 8,941 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Dunkin Brands Group Inc (NASDAQ DNKN) opened at $63.49 on Thursday. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin Brands Group Inc has a 12-month low of $50.26 and a 12-month high of $64.44. The company has a market capitalization of $5,734.60, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.98 and a beta of 0.30.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). Dunkin Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The company had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. analysts expect that Dunkin Brands Group Inc will post 2.42 EPS for the current fiscal year.

Dunkin Brands Group declared that its board has initiated a share buyback plan on Thursday, October 26th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 27th were given a $0.322 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Friday, November 24th. Dunkin Brands Group’s payout ratio is currently 56.33%.

DNKN has been the subject of a number of research reports. BMO Capital Markets set a $58.00 target price on Dunkin Brands Group and gave the stock a “hold” rating in a report on Friday, October 27th. JMP Securities lifted their target price on Dunkin Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Cowen reissued a “hold” rating and set a $55.00 target price on shares of Dunkin Brands Group in a report 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 report 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 report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.58.

COPYRIGHT VIOLATION WARNING: This news story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/21/legal-general-group-plc-increases-holdings-in-dunkin-brands-group-inc-dnkn.html.

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)

Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.