Balyasny Asset Management LLC boosted its position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 377.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 294,753 shares of the restaurant operator’s stock after buying an additional 232,968 shares during the period. Balyasny Asset Management LLC owned approximately 0.33% of Dunkin’ Brands Group worth $16,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DNKN. Janus Capital Management LLC increased its holdings in Dunkin’ Brands Group by 8.4% in the 1st quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after buying an additional 754,740 shares during the period. BlackRock Inc. raised its position in Dunkin’ Brands Group by 1.4% during the 2nd quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock worth $400,787,000 after buying an additional 101,819 shares during the last quarter. Vanguard Group Inc. raised its position in Dunkin’ Brands Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock worth $400,478,000 after buying an additional 103,573 shares during the last quarter. State Street Corp raised its position in Dunkin’ Brands Group by 2.8% during the 1st quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock worth $126,937,000 after buying an additional 63,426 shares during the last quarter. Finally, First Manhattan Co. raised its position in Dunkin’ Brands Group by 39.0% during the 2nd quarter. First Manhattan Co. now owns 1,366,963 shares of the restaurant operator’s stock worth $75,347,000 after buying an additional 383,460 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the sale, the senior vice president now owns 33,000 shares of the company’s stock, valued at $1,742,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at 53.46 on Tuesday. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 23.45 and a beta of 0.24. Dunkin’ Brands Group, Inc. has a one year low of $46.55 and a one year high of $59.70. The company has a 50-day moving average of $52.52 and a 200 day moving average of $54.61.

Dunkin’ Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The company had revenue of $218.50 million for the quarter, compared to analyst estimates of $220.77 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were paid a $0.3225 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.41%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

Several research firms have recently commented on DNKN. BMO Capital Markets reaffirmed a “hold” rating on shares of Dunkin’ Brands Group in a report on Wednesday, September 6th. Bank of America Corporation reiterated a “neutral” rating and issued a $62.00 price objective (up previously from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. Maxim Group reissued a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Thursday, July 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Thursday, August 3rd. Finally, Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $58.84 to $68.00 in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $57.95.

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Dunkin’ Brands Group 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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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