Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a research report issued on Tuesday, October 17th. They currently have a $64.00 price target on the restaurant operator’s stock. Maxim Group’s price objective would suggest a potential upside of 16.75% from the stock’s current price.
Several other research firms have also recently issued reports on DNKN. Zacks Investment Research raised Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub raised Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Finally, Stephens restated an “equal weight” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.42.
Dunkin’ Brands Group (NASDAQ:DNKN) traded down 1.46% during mid-day trading on Tuesday, hitting $54.82. The stock had a trading volume of 2,604,169 shares. The stock’s 50 day moving average price is $53.92 and its 200 day moving average price is $54.63. Dunkin’ Brands Group has a one year low of $46.55 and a one year high of $59.70. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 24.04 and a beta of 0.24.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its 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 business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts forecast that Dunkin’ Brands Group will post $2.43 EPS for the current year.
Dunkin’ Brands Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 26th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
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In related news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of DNKN. Russell Investments Group Ltd. grew its holdings in Dunkin’ Brands Group by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after purchasing an additional 109 shares during the last quarter. US Bancorp DE grew its stake in Dunkin’ Brands Group by 1.8% in the 1st quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after acquiring an additional 63 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Dunkin’ Brands Group by 12.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 50,831 shares of the restaurant operator’s stock worth $2,779,000 after acquiring an additional 5,575 shares in the last quarter. Prudential Financial Inc. grew its stake in Dunkin’ Brands Group by 9.6% in the 1st quarter. Prudential Financial Inc. now owns 55,737 shares of the restaurant operator’s stock worth $3,048,000 after acquiring an additional 4,860 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in Dunkin’ Brands Group in the 1st quarter worth about $204,000. Institutional investors own 92.75% of the company’s stock.
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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