BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a buy rating to a strong-buy rating in a research report released on Friday morning.
Several other equities research analysts have also recently commented on the stock. TheStreet upgraded shares of Dunkin Brands Group from a c+ rating to a b rating in a research report on Friday, July 27th. ValuEngine upgraded shares of Dunkin Brands Group from a hold rating to a buy rating in a research report on Tuesday, June 12th. Citigroup boosted their price target on shares of Dunkin Brands Group from $74.00 to $80.00 and gave the stock a buy rating in a research report on Tuesday, June 19th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a hold rating to a buy rating and set a $78.00 price target on the stock in a research report on Wednesday, June 27th. Finally, Maxim Group boosted their price target on shares of Dunkin Brands Group from $71.00 to $77.00 and gave the stock a buy rating in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Dunkin Brands Group presently has an average rating of Buy and a consensus price target of $68.10.
Shares of NASDAQ DNKN traded up $0.75 during midday trading on Friday, reaching $76.52. 688,335 shares of the company traded hands, compared to its average volume of 576,964. Dunkin Brands Group has a 52 week low of $51.01 and a 52 week high of $76.70. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of -3.72. The stock has a market cap of $6.35 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.24 and a beta of 0.36.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The business had revenue of $350.64 million for the quarter, compared to analysts’ expectations of $343.38 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. sell-side analysts anticipate that Dunkin Brands Group will post 2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 27th were paid a $0.3475 dividend. The ex-dividend date was Friday, August 24th. This represents a $1.39 annualized dividend and a dividend yield of 1.82%. Dunkin Brands Group’s payout ratio is 57.20%.
In related news, SVP Jason Maceda sold 7,103 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $71.89, for a total value of $510,634.67. Following the completion of the sale, the senior vice president now owns 3,771 shares of the company’s stock, valued at approximately $271,097.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John L. Clare sold 27,863 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $69.67, for a total value of $1,941,215.21. Following the completion of the sale, the insider now directly owns 47,510 shares of the company’s stock, valued at approximately $3,310,021.70. The disclosure for this sale can be found here. In the last three months, insiders sold 739,693 shares of company stock valued at $51,896,387. 3.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DNKN. Fort L.P. acquired a new stake in Dunkin Brands Group in the 2nd quarter worth approximately $123,000. Advisors Preferred LLC grew its holdings 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 worth $128,000 after purchasing an additional 1,650 shares during the last quarter. GAM Holding AG bought a new stake in shares of Dunkin Brands Group during the second quarter worth $200,000. Flagship Harbor Advisors LLC bought a new stake in shares of Dunkin Brands Group during the second quarter worth $201,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Dunkin Brands Group during the second quarter worth $202,000. 99.27% of the stock is owned by institutional investors and hedge funds.
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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