Dunkin Brands Group Inc (DNKN) Expected to Post Quarterly Sales of $301.26 Million
Wall Street analysts predict that Dunkin Brands Group Inc (NASDAQ:DNKN) will report $301.26 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Dunkin Brands Group’s earnings, with the highest sales estimate coming in at $307.40 million and the lowest estimate coming in at $292.30 million. Dunkin Brands Group posted sales of $190.67 million during the same quarter last year, which would indicate a positive year over year growth rate of 58%. The business is expected to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Dunkin Brands Group will report full-year sales of $301.26 million for the current fiscal year, with estimates ranging from $1.30 billion to $1.33 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.37 billion per share, with estimates ranging from $1.35 billion to $1.40 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Dunkin Brands Group.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Dunkin Brands Group had a net margin of 40.77% and a negative return on equity of 190.44%. The business had revenue of $227.10 million during the quarter, compared to analyst estimates of $220.54 million. During the same quarter last year, the business posted $0.64 earnings per share. Dunkin Brands Group’s revenue for the quarter was up 5.3% compared to the same quarter last year.
In other Dunkin Brands Group news, insider William M. Mitchell sold 46,180 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the transaction, the insider now directly owns 33,000 shares of the company’s stock, valued at approximately $2,022,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nigel Travis sold 57,296 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $63.24, for a total transaction of $3,623,399.04. Following the completion of the sale, the chief executive officer now directly owns 327,957 shares in the company, valued at $20,740,000.68. The disclosure for this sale can be found here. Insiders have sold a total of 455,581 shares of company stock valued at $28,320,199 over the last quarter. 3.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in DNKN. IHT Wealth Management LLC bought a new position in Dunkin Brands Group during the 2nd quarter valued at about $104,000. Cerebellum GP LLC bought a new position in shares of Dunkin Brands Group in the 4th quarter worth approximately $117,000. Aevitas Wealth Management Inc. bought a new position in shares of Dunkin Brands Group in the 4th quarter worth approximately $130,000. SeaCrest Wealth Management LLC purchased a new stake in Dunkin Brands Group in the 4th quarter worth approximately $135,000. Finally, Capital Analysts LLC purchased a new stake in Dunkin Brands Group in the 4th quarter worth approximately $134,000. Institutional investors own 85.24% of the company’s stock.
Dunkin Brands Group (NASDAQ DNKN) opened at $59.32 on Wednesday. The firm has a market cap of $4,879.54, a price-to-earnings ratio of 24.41, a PEG ratio of 1.66 and a beta of 0.29. Dunkin Brands Group has a 52-week low of $50.89 and a 52-week high of $68.45. The company has a current ratio of 2.79, a quick ratio of 1.43 and a debt-to-equity ratio of 361.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th will be issued a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 9th. Dunkin Brands Group’s payout ratio is presently 33.86%.
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About Dunkin Brands Group
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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