Prudential Financial Inc. Sells 3,940 Shares of Dunkin Brands Group Inc (DNKN)
Prudential Financial Inc. lessened its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 48,729 shares of the restaurant operator’s stock after selling 3,940 shares during the period. Prudential Financial Inc.’s holdings in Dunkin Brands Group were worth $3,125,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Dunkin Brands Group by 5.9% during the third quarter. Thrivent Financial for Lutherans now owns 20,022 shares of the restaurant operator’s stock worth $1,476,000 after acquiring an additional 1,118 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Dunkin Brands Group by 6.6% during the fourth quarter. State of Alaska Department of Revenue now owns 34,320 shares of the restaurant operator’s stock worth $2,200,000 after acquiring an additional 2,126 shares during the last quarter. IFP Advisors Inc increased its stake in Dunkin Brands Group by 3.3% during the fourth quarter. IFP Advisors Inc now owns 17,825 shares of the restaurant operator’s stock worth $1,130,000 after acquiring an additional 564 shares during the last quarter. Lido Advisors LLC acquired a new stake in Dunkin Brands Group during the third quarter worth $240,000. Finally, Hilltop Holdings Inc. increased its stake in Dunkin Brands Group by 24.7% during the third quarter. Hilltop Holdings Inc. now owns 5,018 shares of the restaurant operator’s stock worth $370,000 after acquiring an additional 993 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.
DNKN has been the subject of several recent analyst reports. Maxim Group reissued a “buy” rating and set a $79.00 target price (down previously from $83.00) on shares of Dunkin Brands Group in a research note on Friday, February 8th. BMO Capital Markets dropped their price objective on Dunkin Brands Group to $75.00 and set an “outperform” rating for the company in a research note on Friday, February 8th. BidaskClub cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. OTR Global cut Dunkin Brands Group to a “positive” rating in a research note on Friday, January 25th. Finally, Citigroup dropped their price objective on Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Dunkin Brands Group presently has a consensus rating of “Hold” and a consensus target price of $70.05.
NASDAQ:DNKN opened at $71.55 on Friday. The firm has a market capitalization of $5.91 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.04 and a beta of 0.49. Dunkin Brands Group Inc has a 12-month low of $57.33 and a 12-month high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $319.60 million during the quarter, compared to analyst estimates of $329.83 million. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. Dunkin Brands Group’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. As a group, research analysts anticipate that Dunkin Brands Group Inc will post 2.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 11th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 dividend on an annualized basis and a yield of 2.10%. Dunkin Brands Group’s dividend payout ratio (DPR) is 51.72%.
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About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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