Dunkin Brands Group (DNKN) Receives “Buy” Rating from Maxim Group
Maxim Group reiterated their buy rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research report released on Friday, Marketbeat Ratings reports. The firm currently has a $79.00 target price on the restaurant operator’s stock, down from their prior target price of $83.00.
“We maintain our Buy rating on Dunkin’ Brands (DNKN), though lower our price target to $79, from $83, following the release of mixed 4Q18 (December) results earlier today.”,” Maxim Group’s analyst commented.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Dunkin Brands Group from a sell rating to a hold rating in a report on Tuesday, January 29th. OTR Global cut shares of Dunkin Brands Group to a positive rating in a report on Friday, January 25th. Finally, BidaskClub cut shares of Dunkin Brands Group from a buy rating to a hold rating in a report on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Dunkin Brands Group currently has an average rating of Hold and an average price target of $70.79.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. Dunkin Brands Group had a net margin of 17.40% and a negative return on equity of 31.51%. The firm had revenue of $319.60 million for the quarter, compared to the consensus estimate of $329.83 million. During the same period in the prior year, the firm posted $0.64 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Dunkin Brands Group will post 2.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th will be given a dividend of $0.375 per share. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.22%. Dunkin Brands Group’s dividend payout ratio (DPR) is 47.93%.
Large investors have recently bought and sold shares of the company. Pennsylvania Trust Co acquired a new position in shares of Dunkin Brands Group in the third quarter worth about $206,000. State of Alaska Department of Revenue boosted its holdings in shares of Dunkin Brands Group by 3.2% in the third quarter. State of Alaska Department of Revenue now owns 32,194 shares of the restaurant operator’s stock worth $2,372,000 after buying an additional 1,004 shares during the period. Bank of Montreal Can boosted its holdings in shares of Dunkin Brands Group by 11.4% in the third quarter. Bank of Montreal Can now owns 39,735 shares of the restaurant operator’s stock worth $2,930,000 after buying an additional 4,060 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Dunkin Brands Group by 40.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 70,000 shares of the restaurant operator’s stock worth $5,160,000 after buying an additional 20,000 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Dunkin Brands Group in the third quarter worth about $110,000. Institutional investors own 97.28% of the company’s stock.
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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