Dunkin’ Brands Group, Inc. (DNKN) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) from a hold rating to a buy rating in a research note issued to investors on Monday. Zacks Investment Research currently has $60.00 target price on the restaurant operator’s stock.
According to Zacks, “Dunkin’ Brands’ shares outpaced the Zacks categorized Retail-Restaurants industry in the last year. Earnings topped the Zacks Consensus Estimate in the past nine quarters and estimates have been stable ahead of its Q2 earnings release. The licensing deals with Keurig Green Mountain and J.M. Smucker to sell Dunkin' K-Cup pods to retailers as well as online customers continue to expand Dunkin’s brand reach. Also, top-line should gain from menu innovation and unit expansion plans. The company’s franchised business model, various sales and digital initiatives like product launches, loyalty program and mobile ordering service bode well too. Focus on establishing itself as a beverage leader should aid sales going forward. Yet, intense competition, soft industry backdrop and a shift in ice cream consumption in the U.S. raise concerns. Challenging comps growth in international markets at both its divisions is also a potent headwind.”
A number of other equities analysts have also recently weighed in on DNKN. Mizuho began coverage on Dunkin’ Brands Group in a report on Thursday, June 8th. They issued a neutral rating and a $56.00 price target for the company. BidaskClub lowered Dunkin’ Brands Group from a buy rating to a hold rating in a research note on Saturday, June 10th. Wedbush reiterated a hold rating and set a $54.00 price objective on shares of Dunkin’ Brands Group in a research note on Monday, May 15th. Barclays PLC boosted their price objective on Dunkin’ Brands Group from $62.00 to $65.00 and gave the stock an overweight rating in a research note on Wednesday, May 31st. Finally, Cowen and Company reiterated a market perform rating on shares of Dunkin’ Brands Group in a research note on Friday, March 24th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Dunkin’ Brands Group has an average rating of Hold and an average price target of $55.89.
Dunkin’ Brands Group (NASDAQ:DNKN) traded down 0.50% during mid-day trading on Monday, hitting $53.42. The company had a trading volume of 633,940 shares. The firm has a market capitalization of $4.92 billion, a P/E ratio of 24.06 and a beta of 0.22. The company has a 50-day moving average price of $56.12 and a 200 day moving average price of $54.77. Dunkin’ Brands Group has a 12 month low of $43.81 and a 12 month high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. The company had revenue of $190.70 million during the quarter, compared to analysts’ expectations of $192.36 million. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. Dunkin’ Brands Group’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. Equities analysts forecast that Dunkin’ Brands Group will post $2.43 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Janus Capital Management LLC boosted its stake in shares of Dunkin’ Brands Group by 8.4% in the first quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock valued at $530,467,000 after buying an additional 754,740 shares during the last quarter. BlackRock Inc. raised its position in Dunkin’ Brands Group by 13,874.6% in the first quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock valued at $392,023,000 after buying an additional 7,118,061 shares during the period. Vanguard Group Inc. raised its position in Dunkin’ Brands Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 7,161,989 shares of the restaurant operator’s stock valued at $391,619,000 after buying an additional 317,076 shares during the period. State Street Corp raised its position in Dunkin’ Brands Group by 2.8% in the first quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock valued at $126,937,000 after buying an additional 63,426 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Dunkin’ Brands Group by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 1,169,157 shares of the restaurant operator’s stock valued at $63,929,000 after buying an additional 52,786 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.
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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