Wall Street brokerages expect Dunkin Brands Group Inc (NASDAQ:DNKN) to announce sales of $343.97 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Dunkin Brands Group’s earnings, with the highest sales estimate coming in at $354.01 million and the lowest estimate coming in at $339.34 million. Dunkin Brands Group reported sales of $224.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 53.4%. The firm is expected to report its next earnings report before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Dunkin Brands Group will report full-year sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.32 billion to $1.34 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.38 billion, 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 analysts that follow Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The business had revenue of $350.64 million during the quarter, compared to the consensus estimate of $343.38 million. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. Dunkin Brands Group’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS.

DNKN has been the subject of several recent analyst reports. BidaskClub raised shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Goldman Sachs Group upped their price objective on shares of Dunkin Brands Group from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Tuesday, September 11th. Royal Bank of Canada downgraded shares of Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price objective for the company. in a report on Friday, September 14th. They noted that the move was a valuation call. Robert W. Baird upped their price objective on shares of Dunkin Brands Group from $80.00 to $82.00 and gave the stock a “positive” rating in a report on Monday, October 8th. Finally, Maxim Group upped their price objective on shares of Dunkin Brands Group from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the stock. Dunkin Brands Group currently has an average rating of “Hold” and an average target price of $68.74.

In other news, insider John L. Clare sold 27,863 shares of the stock in a transaction on Friday, July 27th. The shares were sold at an average price of $69.67, for a total value of $1,941,215.21. Following the completion of the transaction, the insider now owns 47,510 shares in the company, valued at approximately $3,310,021.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jason Maceda sold 7,103 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $71.89, for a total transaction of $510,634.67. Following the completion of the transaction, the senior vice president now owns 3,771 shares of the company’s stock, valued at approximately $271,097.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 739,693 shares of company stock valued at $51,896,387. Insiders own 3.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Dunkin Brands Group by 5.4% in the 3rd quarter. Aperio Group LLC now owns 30,199 shares of the restaurant operator’s stock valued at $2,226,000 after buying an additional 1,540 shares in the last quarter. Coastline Trust Co raised its stake in shares of Dunkin Brands Group by 5.2% in the 3rd quarter. Coastline Trust Co now owns 15,060 shares of the restaurant operator’s stock valued at $1,110,000 after buying an additional 750 shares in the last quarter. Alta Capital Management LLC acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at $256,000. First Hawaiian Bank acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at $110,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Dunkin Brands Group by 40.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 70,000 shares of the restaurant operator’s stock valued at $5,160,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

NASDAQ DNKN opened at $72.60 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of -3.72. The firm has a market cap of $6.08 billion, a P/E ratio of 27.50, a PEG ratio of 2.14 and a beta of 0.35. Dunkin Brands Group has a 1 year low of $53.68 and a 1 year high of $77.13.

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 four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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