Jefferies Group upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from an underperform rating to a hold rating in a report published on Saturday, December 30th. They currently have $56.00 price target on the restaurant operator’s stock, up from their prior price target of $48.00.
Several other analysts have also commented on the company. Mizuho lowered Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 price target on the stock. in a research note on Thursday, October 26th. BMO Capital Markets reaffirmed a hold rating on shares of Dunkin Brands Group in a research note on Wednesday, September 6th. Cowen reaffirmed a hold rating and issued a $55.00 price target on shares of Dunkin Brands Group in a research note on Friday, October 27th. Maxim Group reaffirmed a buy rating and issued a $64.00 price target on shares of Dunkin Brands Group in a research note on Thursday, October 26th. Finally, BidaskClub upgraded Dunkin Brands Group from a hold rating to a buy rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) opened at $64.39 on Friday. Dunkin Brands Group has a 1 year low of $50.54 and a 1 year high of $66.44. The company has a market capitalization of $5,820.00, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.30. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The firm 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 firm earned $0.60 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. equities analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current year.
Dunkin Brands Group announced that its board has authorized a share repurchase program on Thursday, October 26th that permits the company to buyback $650.00 million in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in DNKN. IHT Wealth Management LLC bought a new stake in shares of Dunkin Brands Group during the second quarter worth $104,000. FNY Partners Fund LP increased its holdings in Dunkin Brands Group by 13,233.3% in the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 1,985 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Dunkin Brands Group by 12.1% in the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after purchasing an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dunkin Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after purchasing an additional 259 shares during the last quarter. Finally, Moon Capital Management LLC bought a new stake in Dunkin Brands Group in the fourth quarter valued at about $193,000. Institutional investors own 90.66% of the company’s stock.
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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.
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