Dunkin Brands Group (NASDAQ:DNKN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, January 4th. The firm presently has a $74.00 price objective on the restaurant operator’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.92% from the stock’s current price.
According to Zacks, “Dunkin’ Brands’ licensing deals with KeurigGreenMountain and J.M. Smucker to sell Dunkin' K-Cup pods to retailers as well as online customers continue to expand Dunkin’s brand reach. The topline should gain from menu innovation and unit expansion plans. Also, the company’s franchised business model, sales initiatives like product launches, loyalty program along with enhanced digital offerings also bode well. Increased focus on establishing itself as a beverage leader should aid sales, going forward. Estimates are stable ahead of its third-quarter earnings release. The company’s shares also outperformed its industry in the last year. Yet, intense competition, soft consumer spending environment and a shift in ice cream consumption in the United States raise concerns. Challenging comps growth in international markets at both its divisions is a potent headwind too.”
A number of other brokerages also recently weighed in on DNKN. BMO Capital Markets reaffirmed a “hold” rating on shares of Dunkin Brands Group in a research note on Wednesday, September 6th. JMP Securities raised their target price on shares of Dunkin Brands Group from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Maxim Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $63.00 price target on shares of Dunkin Brands Group in a research report on Friday, October 20th. Finally, Mizuho cut shares of Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price target on the stock. in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Dunkin Brands Group presently has a consensus rating of “Hold” and a consensus target price of $60.79.
Dunkin Brands Group (DNKN) opened at $64.39 on Thursday. The firm has a market cap of $5,708.41, a PE ratio of 28.12, a P/E/G ratio of 1.61 and a beta of 0.30. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. Dunkin Brands Group has a 1 year low of $50.54 and a 1 year high of $66.44.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $214.60 million. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. equities analysts forecast that Dunkin Brands Group will post 2.42 EPS for the current year.
Dunkin Brands Group announced that its board has authorized a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the business. Griffin Asset Management Inc. purchased a new position in Dunkin Brands Group during the third quarter valued at $1,986,000. Oppenheimer & Co. Inc. lifted its position in Dunkin Brands Group by 73.0% during the second quarter. Oppenheimer & Co. Inc. now owns 23,632 shares of the restaurant operator’s stock valued at $1,303,000 after buying an additional 9,974 shares during the period. State Street Corp raised its position in shares of 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 worth $129,945,000 after purchasing an additional 36,032 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Dunkin Brands Group by 1.7% in the 3rd quarter. Nationwide Fund Advisors now owns 183,364 shares of the restaurant operator’s stock worth $9,733,000 after purchasing an additional 3,120 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of Dunkin Brands Group by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 74,960 shares of the restaurant operator’s stock worth $3,978,000 after purchasing an additional 2,998 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
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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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