Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) Earns “Equal Weight” Rating from Stephens
Stephens restated their equal weight rating on shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) in a report published on Wednesday morning. The firm currently has a $54.00 price objective on the restaurant operator’s stock.
Other research analysts have also recently issued reports about the company. Argus raised Dunkin’ Brands Group from a hold rating to a buy rating and lifted their price objective for the company from $58.84 to $68.00 in a report on Tuesday, June 6th. Citigroup Inc. cut their price objective on Dunkin’ Brands Group from $64.00 to $61.00 and set a buy rating for the company in a report on Tuesday, April 11th. Maxim Group reissued a buy rating on shares of Dunkin’ Brands Group in a report on Monday, April 10th. Zacks Investment Research raised Dunkin’ Brands Group from a hold rating to a buy rating and set a $60.00 price objective for the company in a report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a buy rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Friday, July 21st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $56.47.
Dunkin’ Brands Group (NASDAQ DNKN) opened at 52.75 on Wednesday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 23.14 and a beta of 0.22. Dunkin’ Brands Group has a 52-week low of $43.81 and a 52-week high of $59.70. The stock’s 50 day moving average is $54.86 and its 200 day moving average is $54.78.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. On average, analysts predict that Dunkin’ Brands Group will post $2.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be given a $0.3225 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.45%. Dunkin’ Brands Group’s payout ratio is 56.33%.
Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Dunkin’ Brands Group during the fourth quarter worth approximately $157,000. US Bancorp DE raised its stake in shares of Dunkin’ Brands Group by 1.8% in 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 last quarter. Boston Advisors LLC purchased a new stake in shares of Dunkin’ Brands Group during the second quarter worth approximately $202,000. OppenheimerFunds Inc. purchased a new stake in shares of Dunkin’ Brands Group during the first quarter worth approximately $204,000. Finally, Barings LLC purchased a new stake in shares of Dunkin’ Brands Group during the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 94.32% 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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