Private Advisor Group LLC Has $1.34 Million Position in Dunkin’ Brands Group, Inc. (DNKN)
Private Advisor Group LLC increased its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 148.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,381 shares of the restaurant operator’s stock after acquiring an additional 14,577 shares during the period. Private Advisor Group LLC’s holdings in Dunkin’ Brands Group were worth $1,339,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC purchased a new position in Dunkin’ Brands Group in the second quarter worth approximately $104,000. FNY Partners Fund LP grew its position in 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 acquiring an additional 1,985 shares during the period. Advisors Asset Management Inc. grew its position in 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 acquiring an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dunkin’ Brands Group by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after buying an additional 259 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Dunkin’ Brands Group during the second quarter worth $209,000. Institutional investors own 90.78% of the company’s stock.
DNKN has been the subject of several research analyst reports. BidaskClub lowered Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Cowen restated a “hold” rating and set a $55.00 price target on shares of Dunkin’ Brands Group in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a research report on Wednesday, September 6th. JMP Securities raised their price target 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. Finally, Zacks Investment Research lowered Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $58.58.
Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at $60.60 on Friday. The stock has a market capitalization of $5,509.70, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.90 and a beta of 0.30. Dunkin’ Brands Group, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $61.54. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $214.60 million. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. research analysts anticipate that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 27th were issued a $0.322 dividend. The ex-dividend date was Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.13%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.
Dunkin’ Brands Group declared that its board has initiated a share buyback plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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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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