Stifel Financial Corp cut its holdings in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 19.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,688 shares of the restaurant operator’s stock after selling 16,135 shares during the period. Stifel Financial Corp owned about 0.08% of Dunkin Brands Group worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coastline Trust Co raised its position in shares of Dunkin Brands Group by 0.6% during the 1st quarter. Coastline Trust Co now owns 24,270 shares of the restaurant operator’s stock worth $1,289,000 after purchasing an additional 150 shares during the last quarter. WASHINGTON TRUST Co raised its position in shares of Dunkin Brands Group by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 50,636 shares of the restaurant operator’s stock worth $3,302,000 after purchasing an additional 155 shares during the last quarter. Procyon Private Wealth Partners LLC raised its position in shares of Dunkin Brands Group by 10.1% during the 1st quarter. Procyon Private Wealth Partners LLC now owns 2,175 shares of the restaurant operator’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Dunkin Brands Group by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,469 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 201 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Dunkin Brands Group by 3.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,283 shares of the restaurant operator’s stock worth $387,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Shares of Dunkin Brands Group stock opened at $77.13 on Wednesday. Dunkin Brands Group Inc has a 1 year low of $38.51 and a 1 year high of $81.81. The company has a market capitalization of $6.35 billion, a P/E ratio of 29.44, a PEG ratio of 3.03 and a beta of 0.92. The company’s fifty day moving average is $72.82 and its two-hundred day moving average is $64.69.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Dunkin Brands Group had a net margin of 16.79% and a negative return on equity of 38.22%. The company had revenue of $287.40 million for the quarter, compared to the consensus estimate of $275.52 million. During the same period last year, the firm posted $0.86 EPS. Dunkin Brands Group’s revenue for the quarter was down 20.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Dunkin Brands Group Inc will post 2.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Tuesday, September 1st were issued a $0.403 dividend. This represents a $1.61 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, August 31st. Dunkin Brands Group’s payout ratio is 50.79%.

In related news, SVP John Varughese sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $71.28, for a total value of $356,400.00. Following the completion of the sale, the senior vice president now owns 7,661 shares in the company, valued at $546,076.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karen Raskopf sold 46,852 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $68.19, for a total transaction of $3,194,837.88. Following the completion of the sale, the insider now owns 21,876 shares of the company’s stock, valued at approximately $1,491,724.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,680 shares of company stock worth $6,742,991. Insiders own 1.80% of the company’s stock.

Several research firms recently weighed in on DNKN. JPMorgan Chase & Co. upgraded shares of Dunkin Brands Group from a “neutral” rating to an “overweight” rating and set a $76.00 price target for the company in a research report on Friday, July 31st. William Blair reaffirmed a “buy” rating on shares of Dunkin Brands Group in a research note on Thursday, June 4th. BofA Securities raised shares of Dunkin Brands Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $72.00 to $78.00 in a research note on Monday, August 3rd. Wedbush upped their price objective on shares of Dunkin Brands Group from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Piper Sandler upped their price objective on shares of Dunkin Brands Group from $52.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Sixteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.14.

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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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

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