Tocqueville Asset Management L.P. lessened its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,110 shares of the restaurant operator’s stock after selling 2,400 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Dunkin’ Brands Group were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. IHT Wealth Management LLC bought a new stake in shares of Dunkin’ Brands Group in the second quarter worth $104,000. FNY Partners Fund LP increased its holdings in Dunkin’ Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after buying an additional 1,985 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after buying an additional 109 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Dunkin’ Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after buying an additional 336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 last quarter. 93.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) opened at $58.47 on Tuesday. The stock has a market cap of $5,321.96, a PE ratio of 24.26, a PEG ratio of 1.83 and a beta of 0.30. Dunkin’ Brands Group, Inc. has a 52-week low of $46.55 and a 52-week high of $60.66. The company has a debt-to-equity ratio of -13.72, a current ratio of 1.43 and a quick ratio of 1.38.

Dunkin’ Brands Group (NASDAQ:DNKN) last announced 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 business had revenue of $224.20 million during the quarter, compared to the consensus estimate 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 was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. sell-side analysts forecast that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be given a $0.322 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.20%. Dunkin’ Brands Group’s payout ratio is presently 56.33%.

Dunkin’ Brands Group announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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DNKN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Friday, July 21st. Maxim Group restated a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and set a $63.00 target price on shares of Dunkin’ Brands Group in a report on Friday, October 20th. Finally, Stephens restated an “equal weight” rating and set a $54.00 target price on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Dunkin’ Brands Group presently has a consensus rating of “Hold” and a consensus price target of $58.58.

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.

Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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