Insider Selling: Dunkin’ Brands Group Insider Sells 2,000 Shares of Stock (DNKN)
Dunkin’ Brands Group (NASDAQ:DNKN) Insider John Costello sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $43.48, for a total value of $86,960.00. Following the sale, the insider now directly owns 22,432 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Northcoast Research initiated coverage on shares of Dunkin’ Brands Group (NASDAQ:DNKN) in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Separately, analysts at Longbow Research reiterated a “hold” rating on shares of Dunkin’ Brands Group (NASDAQ:DNKN) in a research note to investors on Tuesday, August 20th. They now have a $45.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Dunkin’ Brands Group (NASDAQ:DNKN) from $44.00 to $53.00 in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dunkin’ Brands Group presently has a consensus rating of “Buy” and a consensus price target of $44.92.
Dunkin’ Brands Group (NASDAQ:DNKN) traded up 0.57% on Thursday, hitting $43.2485. 84,846 shares of the company’s stock traded hands. Dunkin’ Brands Group has a 1-year low of $28.24 and a 1-year high of $45.25. The stock’s 50-day moving average is $43.36 and its 200-day moving average is $40.73. The company has a market cap of $4.600 billion and a price-to-earnings ratio of 36.69.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, July 25th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $182.50 million for the quarter, compared to the consensus estimate of $183.79 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Dunkin’ Brands Group will post $1.53 earnings per share for the current fiscal year.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN) is a franchisors of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
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