Olstein Capital Management L.P. lessened its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 44.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,300 shares of the restaurant operator’s stock after selling 31,850 shares during the period. Olstein Capital Management L.P.’s holdings in Dunkin Brands Group were worth $2,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Smithfield Trust Co. increased its stake in shares of Dunkin Brands Group by 2,018.5% in the 3rd quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,312 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $110,000. Fort L.P. purchased a new position in shares of Dunkin Brands Group in the 2nd quarter valued at about $123,000. Advisors Preferred LLC increased its stake in shares of Dunkin Brands Group by 797.1% in the 2nd quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $169,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

NASDAQ:DNKN opened at $73.39 on Tuesday. Dunkin Brands Group Inc has a 12 month low of $55.81 and a 12 month high of $77.13. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.12 and a beta of 0.33.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The business had revenue of $350.01 million during the quarter, compared to analyst estimates of $344.17 million. Dunkin Brands Group had a negative return on equity of 41.14% and a net margin of 30.28%. As a group, equities analysts anticipate that Dunkin Brands Group Inc will post 2.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 26th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.89%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.20%.

Several equities analysts recently weighed in on DNKN shares. Citigroup lifted their price target on Dunkin Brands Group from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Maxim Group lifted their price target on Dunkin Brands Group from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and issued a $80.00 price target on shares of Dunkin Brands Group in a research note on Thursday, July 26th. BidaskClub lowered Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th. Finally, BMO Capital Markets boosted their price objective on Dunkin Brands Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. Dunkin Brands Group currently has a consensus rating of “Hold” and an average target price of $70.09.

In other news, insider Richard J. Emmett sold 51,054 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $72.24, for a total value of $3,688,140.96. Following the completion of the sale, the insider now directly owns 64,104 shares in the company, valued at $4,630,872.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard J. Emmett sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $73.00, for a total value of $2,190,000.00. Following the completion of the sale, the insider now owns 43,050 shares of the company’s stock, valued at $3,142,650. The disclosure for this sale can be found here. Insiders sold 524,591 shares of company stock valued at $38,151,848 over the last 90 days. Company insiders own 3.00% of the company’s stock.

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Dunkin Brands Group Company Profile

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.

Further Reading: Inflation

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

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