Dunkin Brands Group (NASDAQ:DNKN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, December 21st.
Several other research analysts have also commented on DNKN. Cowen reissued a “hold” rating and issued a $55.00 price objective on shares of Dunkin Brands Group in a research note on Friday, September 1st. BMO Capital Markets reissued a “hold” rating on shares of Dunkin Brands Group in a research note on Wednesday, September 6th. JMP Securities raised their price objective 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. Zacks Investment Research cut shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) opened at $64.39 on Thursday. 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 has a 12 month low of $50.54 and a 12 month high of $66.44. The company has a market cap of $5,815.90, a P/E ratio of 26.50, a PEG ratio of 1.64 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $214.60 million. During the same period in the previous year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. sell-side analysts expect that Dunkin Brands Group will post 2.42 EPS for the current year.
Dunkin Brands Group announced that its board has authorized a share repurchase 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 management believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC acquired a new stake in Dunkin Brands Group during the second quarter worth approximately $104,000. FNY Partners Fund LP raised its holdings in 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 in the last quarter. Advisors Asset Management Inc. raised its holdings in Dunkin Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dunkin Brands Group by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 259 shares in the last quarter. Finally, Moon Capital Management LLC acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $193,000. 90.66% of the stock is currently owned by 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.
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