Credit Suisse Group AG Increases Dunkin’ Brands Group Inc. (DNKN) Price Target to $52.00
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) had its target price raised by equities researchers at Credit Suisse Group AG from $51.00 to $52.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 6.17% from the company’s previous close.
Several other brokerages have also recently weighed in on DNKN. Goldman Sachs Group Inc. lifted their price objective on shares of Dunkin’ Brands Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. BTIG Research reiterated a “neutral” rating on shares of Dunkin’ Brands Group in a research note on Thursday, July 21st. BMO Capital Markets reiterated a “hold” rating and issued a $46.00 price objective on shares of Dunkin’ Brands Group in a research note on Friday, July 22nd. Robert W. Baird reiterated an “outperform” rating and issued a $52.00 price objective on shares of Dunkin’ Brands Group in a research note on Monday, July 25th. Finally, Credit Agricole SA cut shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $53.00 to $49.00 in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.87.
Dunkin’ Brands Group (NASDAQ:DNKN) opened at 48.98 on Tuesday. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 37.22 and a beta of 0.17. Dunkin’ Brands Group has a 12 month low of $36.44 and a 12 month high of $50.64. The stock’s 50 day moving average is $47.94 and its 200-day moving average is $46.37.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company earned $216.30 million during the quarter, compared to analysts’ expectations of $219.88 million. Dunkin’ Brands Group had a net margin of 15.13% and a negative return on equity of 106.20%. Dunkin’ Brands Group’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. Equities analysts anticipate that Dunkin’ Brands Group will post $2.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.45%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is currently 90.91%.
In other news, insider John H. Costello sold 12,782 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $45.15, for a total value of $577,107.30. Following the transaction, the insider now owns 19,671 shares in the company, valued at approximately $888,145.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William M. Mitchell sold 5,648 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $45.87, for a total transaction of $259,073.76. Following the completion of the transaction, the insider now owns 5,648 shares in the company, valued at approximately $259,073.76. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. AXA increased its position in shares of Dunkin’ Brands Group by 474.5% in the first quarter. AXA now owns 31,600 shares of the company’s stock worth $1,491,000 after buying an additional 26,100 shares during the period. BlackRock Group LTD increased its position in shares of Dunkin’ Brands Group by 20.0% in the first quarter. BlackRock Group LTD now owns 89,162 shares of the company’s stock worth $4,206,000 after buying an additional 14,860 shares during the period. Mariner Wealth Advisors LLC increased its position in shares of Dunkin’ Brands Group by 4.7% in the first quarter. Mariner Wealth Advisors LLC now owns 5,902 shares of the company’s stock worth $278,000 after buying an additional 266 shares during the period. Janney Montgomery Scott LLC increased its position in Dunkin’ Brands Group by 126.0% in the second quarter. Janney Montgomery Scott LLC now owns 32,303 shares of the company’s stock worth $1,395,000 after buying an additional 18,012 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Dunkin’ Brands Group during the first quarter worth about $1,078,000. Hedge funds and other institutional investors own 97.42% of the company’s stock.
Dunkin’ Brands Group Company Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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