Parsons Capital Management Inc. RI lowered its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 3.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 68,924 shares of the restaurant operator’s stock after selling 2,511 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Dunkin Brands Group were worth $4,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Dunkin Brands Group by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 186,764 shares of the restaurant operator’s stock worth $11,148,000 after purchasing an additional 790 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Dunkin Brands Group by 3.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the restaurant operator’s stock worth $1,547,000 after purchasing an additional 800 shares during the last quarter. LPL Financial LLC increased its stake in shares of Dunkin Brands Group by 9.4% during the 1st quarter. LPL Financial LLC now owns 10,815 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 932 shares during the last quarter. Boston Private Wealth LLC increased its stake in shares of Dunkin Brands Group by 29.6% during the 1st quarter. Boston Private Wealth LLC now owns 4,160 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 950 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of Dunkin Brands Group by 3.9% during the 1st quarter. Aperio Group LLC now owns 26,377 shares of the restaurant operator’s stock worth $1,574,000 after purchasing an additional 990 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Scott Murphy sold 11,907 shares of Dunkin Brands Group stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $70.17, for a total transaction of $835,514.19. Following the completion of the sale, the chief operating officer now directly owns 20,161 shares of the company’s stock, valued at approximately $1,414,697.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Nigel Travis sold 255,427 shares of Dunkin Brands Group stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $69.20, for a total transaction of $17,675,548.40. Following the sale, the chairman now directly owns 530,808 shares of the company’s stock, valued at $36,731,913.60. The disclosure for this sale can be found here. Insiders have sold a total of 739,693 shares of company stock valued at $51,896,387 over the last ninety days. 3.00% of the stock is currently owned by insiders.

NASDAQ DNKN opened at $72.54 on Tuesday. Dunkin Brands Group Inc has a 52-week low of $50.89 and a 52-week high of $73.49. 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 $6.06 billion, a PE ratio of 29.85, a P/E/G ratio of 2.13 and a beta of 0.34.

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 analysts’ consensus estimates of $0.74 by $0.03. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The company had revenue of $350.64 million during the quarter, compared to the consensus estimate of $343.38 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. equities analysts expect that Dunkin Brands Group Inc will post 2.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Monday, August 27th will be issued a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 24th. Dunkin Brands Group’s dividend payout ratio is currently 57.20%.

DNKN has been the subject of several research analyst reports. ValuEngine lowered shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. BidaskClub lowered shares of Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th. Robert W. Baird reiterated a “buy” rating and issued a $80.00 price objective on shares of Dunkin Brands Group in a research note on Thursday, July 26th. Citigroup lifted their price objective on shares of Dunkin Brands Group from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $67.00 price objective on shares of Dunkin Brands Group in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $67.82.

Dunkin Brands Group 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.

Further Reading: Technical Analysis

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

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