Dunkin’ Brands Group, Inc. (DNKN) Receives $57.82 Average Target Price from Analysts
Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) have earned an average rating of “Hold” from the twenty-two research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $57.82.
Several brokerages recently issued reports on DNKN. BidaskClub raised shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Mizuho assumed coverage on shares of Dunkin’ Brands Group in a research note on Thursday, June 8th. They issued a “neutral” rating and a $56.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, July 28th.
Dunkin’ Brands Group (NASDAQ:DNKN) traded down 0.88% during trading on Friday, reaching $52.99. The company’s stock had a trading volume of 282,641 shares. Dunkin’ Brands Group has a one year low of $46.55 and a one year high of $59.70. The firm has a market capitalization of $4.78 billion, a P/E ratio of 23.24 and a beta of 0.24. The stock has a 50-day moving average of $52.52 and a 200 day moving average of $54.61.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The business had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. On average, equities research analysts predict that Dunkin’ Brands Group will post $2.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 56.33%.
In related news, SVP Karen Raskopf sold 33,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the completion of the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after purchasing an additional 109 shares in the last quarter. US Bancorp DE boosted its position in shares of Dunkin’ Brands Group by 1.8% during the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after buying an additional 63 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Dunkin’ Brands Group by 12.3% during the first quarter. UBS Asset Management Americas Inc. now owns 50,831 shares of the restaurant operator’s stock worth $2,779,000 after buying an additional 5,575 shares during the period. Karp Capital Management Corp purchased a new position in shares of Dunkin’ Brands Group during the first quarter worth $1,339,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Dunkin’ Brands Group by 5.5% during the first quarter. Parametric Portfolio Associates LLC now owns 146,308 shares of the restaurant operator’s stock worth $8,000,000 after buying an additional 7,592 shares during the period. 92.73% of the stock is currently owned by institutional investors.
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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