Maxim Group Increases Dunkin Brands Group (DNKN) Price Target to $71.00
Dunkin Brands Group (NASDAQ:DNKN) had its price objective increased by stock analysts at Maxim Group from $64.00 to $71.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 7.53% from the stock’s current price.
Several other equities research analysts have also issued reports on DNKN. BMO Capital Markets reissued a “hold” rating on shares of Dunkin Brands Group in a research report on Wednesday, September 6th. JMP Securities increased their target price on Dunkin Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $63.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 20th. Finally, Mizuho lowered Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 target price on the stock. in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus target price of $59.74.
Dunkin Brands Group (NASDAQ DNKN) traded up $0.48 during mid-day trading on Tuesday, hitting $66.03. The company had a trading volume of 486,400 shares, compared to its average volume of 748,400. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $5,970.00, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.89 and a beta of 0.30. Dunkin Brands Group has a twelve month low of $50.26 and a twelve month high of $66.40.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. equities research analysts forecast that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.
Dunkin Brands Group declared that its board has initiated a stock buyback program on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in shares of Dunkin Brands Group in the second quarter worth $104,000. FNY Partners Fund LP grew its stake in shares of Dunkin Brands Group by 13,233.3% in the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,985 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Dunkin Brands Group by 12.1% in the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dunkin Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 259 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Dunkin Brands Group in the second quarter worth $209,000. 90.66% of the stock is owned by institutional investors.
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About Dunkin Brands Group
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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