Maxim Group reaffirmed their buy rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research note published on Tuesday morning, AnalystRatings.com reports. Maxim Group currently has a $79.00 target price on the restaurant operator’s stock.
DNKN has been the subject of several other reports. BMO Capital Markets decreased their price objective on Dunkin Brands Group to $75.00 and set an outperform rating for the company in a research report on Friday, February 8th. BidaskClub cut Dunkin Brands Group from a buy rating to a hold rating in a research note on Wednesday, January 16th. OTR Global cut Dunkin Brands Group to a positive rating in a research note on Friday, January 25th. Citigroup cut their target price on Dunkin Brands Group from $87.00 to $82.00 and set a buy rating on the stock in a research note on Thursday, February 14th. Finally, UBS Group set a $72.00 target price on Dunkin Brands Group and gave the company a hold rating in a research note on Friday, February 8th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Dunkin Brands Group currently has an average rating of Hold and an average price target of $70.05.
Shares of DNKN stock opened at $76.79 on Tuesday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 26.48, a PEG ratio of 2.29 and a beta of 0.49. Dunkin Brands Group has a 12 month low of $60.24 and a 12 month high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The company had revenue of $319.60 million during the quarter, compared to analyst estimates of $329.83 million. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. Analysts anticipate that Dunkin Brands Group will post 2.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.375 per share. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, March 8th. Dunkin Brands Group’s dividend payout ratio is currently 51.72%.
In related news, insider John L. Clare sold 17,129 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $69.00, for a total transaction of $1,181,901.00. Following the completion of the sale, the insider now directly owns 36,776 shares in the company, valued at approximately $2,537,544. The sale was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Arrow Financial Corp grew its stake in Dunkin Brands Group by 430.0% during the fourth quarter. Arrow Financial Corp now owns 530 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 430 shares during the period. Bruderman Asset Management LLC acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $36,000. Tributary Capital Management LLC acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $48,000. Advisory Services Network LLC grew its stake in Dunkin Brands Group by 24.4% during the fourth quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 148 shares during the period. Finally, Bremer Trust National Association acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $49,000. Institutional investors own 94.03% of the company’s stock.
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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