Dunkin Brands Group (NASDAQ:DNKN)‘s stock had its “hold” rating reissued by Maxim Group in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports. They presently have a $79.00 price objective on the restaurant operator’s stock. Maxim Group’s target price points to a potential upside of 3.69% from the company’s previous close.
A number of other brokerages have also recently issued reports on DNKN. BMO Capital Markets reduced their target price on shares of Dunkin Brands Group to $75.00 and set an “outperform” rating for the company in a research report on Friday, February 8th. BidaskClub cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. OTR Global cut shares of Dunkin Brands Group to a “positive” rating in a research report on Friday, January 25th. Citigroup reduced their target price on shares of Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. Finally, UBS Group set a $72.00 target price on shares of Dunkin Brands Group and gave the company a “hold” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $70.05.
DNKN stock opened at $76.19 on Tuesday. Dunkin Brands Group has a one year low of $60.25 and a one year high of $77.36. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 2.38 and a beta of 0.49.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $329.83 million. During the same period in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Dunkin Brands Group will post 2.98 EPS for the current year.
In related news, insider John L. Clare sold 17,129 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $69.00, for a total value of $1,181,901.00. Following the completion of the transaction, the insider now owns 36,776 shares of the company’s stock, valued at $2,537,544. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Dunkin Brands Group by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,139,525 shares of the restaurant operator’s stock worth $84,007,000 after acquiring an additional 59,797 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Dunkin Brands Group during the third quarter worth $225,000. JPMorgan Chase & Co. increased its holdings in Dunkin Brands Group by 80.8% during the third quarter. JPMorgan Chase & Co. now owns 432,631 shares of the restaurant operator’s stock worth $31,893,000 after buying an additional 193,378 shares during the last quarter. Paloma Partners Management Co increased its holdings in Dunkin Brands Group by 15.2% during the third quarter. Paloma Partners Management Co now owns 12,100 shares of the restaurant operator’s stock worth $892,000 after buying an additional 1,601 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its holdings in Dunkin Brands Group by 54.7% during the third quarter. Vident Investment Advisory LLC now owns 13,067 shares of the restaurant operator’s stock worth $963,000 after buying an additional 4,623 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.
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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