Smithfield Trust Co. Has $102,000 Holdings in Dunkin Brands Group Inc (DNKN)
Smithfield Trust Co. raised its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 2,018.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,377 shares of the restaurant operator’s stock after buying an additional 1,312 shares during the period. Smithfield Trust Co.’s holdings in Dunkin Brands Group were worth $102,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DNKN. First Hawaiian Bank purchased a new stake in shares of Dunkin Brands Group during the third quarter valued at about $110,000. Fort L.P. purchased a new stake in shares of Dunkin Brands Group during the second quarter valued at about $123,000. Advisors Preferred LLC lifted its position in shares of Dunkin Brands Group by 797.1% during the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 1,650 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Dunkin Brands Group during the third quarter valued at about $169,000. Finally, GAM Holding AG purchased a new stake in shares of Dunkin Brands Group during the second quarter valued at about $200,000. 99.10% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Katherine D. Jaspon sold 1,900 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total value of $139,232.00. Following the transaction, the chief financial officer now owns 4,411 shares in the company, valued at approximately $323,238.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard J. Emmett sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $73.00, for a total transaction of $2,190,000.00. Following the completion of the transaction, the insider now owns 43,050 shares in the company, valued at approximately $3,142,650. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,591 shares of company stock worth $38,151,848. 3.00% of the stock is owned by corporate insiders.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The company had revenue of $350.01 million for the quarter, compared to the consensus estimate of $344.17 million. Analysts expect that Dunkin Brands Group Inc will post 2.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.39 annualized dividend and a yield of 1.87%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.20%.
DNKN has been the subject of several analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $65.00 price target on shares of Dunkin Brands Group in a research report on Friday, July 13th. Morgan Stanley increased their price target on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. BidaskClub upgraded shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 19th. Maxim Group restated a “buy” rating and set a $77.00 price objective on shares of Dunkin Brands Group in a report on Monday, July 23rd. Finally, Robert W. Baird restated a “buy” rating and set a $80.00 price objective on shares of Dunkin Brands Group in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. Dunkin Brands Group has an average rating of “Hold” and an average price target of $70.17.
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About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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