Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $2.40-2.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.43.
Several brokerages have recently issued reports on DNKN. BidaskClub lowered Dunkin’ Brands Group from a hold rating to a sell rating in a research note on Thursday, August 17th. Stephens reissued an equal weight rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. Royal Bank of Canada reissued an outperform rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. BMO Capital Markets reissued a hold rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Finally, Cowen and Company reissued a hold rating and issued a $55.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $58.58.
Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at $56.54 on Friday. Dunkin’ Brands Group, Inc. has a 52-week low of $48.53 and a 52-week 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 debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.38.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data 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). Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. sell-side analysts anticipate that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current year.
The firm also recently disclosed 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 is Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.28%. Dunkin’ Brands Group’s payout ratio is 56.33%.
Dunkin’ Brands Group announced that its board has authorized a stock buyback program on Thursday, October 26th that permits the company to buyback $650.00 million in shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
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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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