BidaskClub Lowers Dunkin Brands Group (DNKN) to Hold

BidaskClub cut shares of Dunkin Brands Group (NASDAQ:DNKN) from a buy rating to a hold rating in a report issued on Tuesday.

DNKN has been the topic of a number of other research reports. Cowen reiterated a hold rating and set a $55.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 27th. BMO Capital Markets set a $58.00 target price on Dunkin Brands Group and gave the stock a hold rating in a research report on Friday, October 27th. Maxim Group lifted their target price on Dunkin Brands Group from $64.00 to $71.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Mizuho cut Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 target price on the stock. in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut Dunkin Brands Group from a hold rating to a sell rating in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Dunkin Brands Group presently has an average rating of Hold and a consensus target price of $60.79.

Dunkin Brands Group (DNKN) traded up $1.19 during trading on Tuesday, reaching $64.39. The company’s stock had a trading volume of 579,165 shares, compared to its average volume of 715,570. Dunkin Brands Group has a one year low of $50.54 and a one year high of $66.44. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $5,708.41, a PE ratio of 28.12, a PEG ratio of 1.61 and a beta of 0.30.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share 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. During the same quarter in the previous year, the company posted $0.60 EPS. Dunkin Brands Group’s quarterly revenue was up 8.3% compared to the same quarter last year. analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current year.

Dunkin Brands Group declared that its board has initiated a share buyback program on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in shares of Dunkin Brands Group by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock worth $457,919,000 after buying an additional 21,819 shares during the last quarter. BlackRock Inc. boosted its holdings in Dunkin Brands Group by 1.4% in the 2nd quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock valued at $400,787,000 after purchasing an additional 101,819 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Dunkin Brands Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock valued at $400,478,000 after purchasing an additional 103,573 shares in the last quarter. State Street Corp boosted its holdings in Dunkin Brands Group by 1.6% in the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after purchasing an additional 36,032 shares in the last quarter. Finally, Jackson Square Partners LLC boosted its holdings in Dunkin Brands Group by 2.9% in the 3rd quarter. Jackson Square Partners LLC now owns 1,770,558 shares of the restaurant operator’s stock valued at $93,981,000 after purchasing an additional 50,204 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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Dunkin Brands Group Company Profile

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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