Davis R M Inc. Sells 8,263 Shares of Dunkin Brands Group Inc (DNKN)

Davis R M Inc. reduced its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 710,167 shares of the restaurant operator’s stock after selling 8,263 shares during the quarter. Dunkin Brands Group makes up about 1.8% of Davis R M Inc.’s portfolio, making the stock its 12th largest holding. Davis R M Inc. owned about 0.79% of Dunkin Brands Group worth $45,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC increased its position 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 period. BlackRock Inc. increased its position in shares of Dunkin Brands Group by 1.4% during the second quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock worth $400,787,000 after buying an additional 101,819 shares during the period. Vanguard Group Inc. increased its position in shares of Dunkin Brands Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock worth $400,478,000 after buying an additional 103,573 shares during the period. State Street Corp increased its position in shares of Dunkin Brands Group by 1.6% during the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after buying an additional 36,032 shares during the period. Finally, Jackson Square Partners LLC increased its position in shares of Dunkin Brands Group by 2.9% during the third quarter. Jackson Square Partners LLC now owns 1,770,558 shares of the restaurant operator’s stock worth $93,981,000 after buying an additional 50,204 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

Dunkin Brands Group Inc (NASDAQ:DNKN) traded up $1.19 during trading hours on Tuesday, reaching $64.39. 579,100 shares of the company’s stock were exchanged, compared to its average volume of 739,111. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $5,870.00, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.64 and a beta of 0.30. Dunkin Brands Group Inc has a 1-year low of $50.54 and a 1-year high of $66.44.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. Dunkin Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. research analysts forecast that Dunkin Brands Group Inc will post 2.42 EPS for the current year.

Dunkin Brands Group announced that its board has approved a share repurchase program on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Several research firms have recently weighed in on DNKN. Barclays increased their price objective on shares of Dunkin Brands Group from $63.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday. BidaskClub cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Maxim Group increased their price objective on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $64.00 price objective on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Two equities 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. The stock currently has a consensus rating of “Hold” and an average price target of $61.05.

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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.

Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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