Dunkin’ Brands Group, Inc. (DNKN) Stock Rating Reaffirmed by Cowen and Company

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “hold” rating reissued by equities researchers at Cowen and Company in a research note issued to investors on Friday, October 27th. They currently have a $55.00 price target on the restaurant operator’s stock. Cowen and Company’s price objective points to a potential downside of 2.72% from the company’s current price.

DNKN has been the subject of several other research reports. Robert W. Baird reaffirmed a “buy” rating and set a $63.00 price target on shares of Dunkin’ Brands Group in a research report on Friday, October 20th. Mizuho lowered shares of Dunkin’ Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price target for the company. in a research report on Thursday, October 26th. Maxim Group reaffirmed a “buy” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BidaskClub raised shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.58.

Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded up $0.14 during midday trading on Friday, hitting $56.54. 813,400 shares of the company’s stock traded hands, compared to its average volume of 1,311,351. Dunkin’ Brands Group has a 12 month low of $48.53 and a 12 month high of $60.66. The stock has a market capitalization of $5,094.21, a P/E ratio of 23.21, a PEG ratio of 1.75 and a beta of 0.30. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The firm had revenue of $224.20 million during 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. equities research analysts expect that Dunkin’ Brands Group will post 2.42 earnings per share for the current fiscal year.

Dunkin’ Brands Group announced that its Board of Directors has authorized a share buyback program 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. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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Large investors have recently modified their holdings of the business. IHT Wealth Management LLC acquired a new stake in shares of Dunkin’ Brands Group during the second quarter worth $104,000. FNY Partners Fund LP raised its holdings in shares of 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 purchasing an additional 1,985 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of 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 purchasing an additional 109 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Dunkin’ Brands Group by 12.1% in the 2nd 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dunkin’ Brands Group by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after acquiring an additional 259 shares during the period. 93.08% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Dunkin` Brands Group (NASDAQ:DNKN)

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