Barclays restated their overweight rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a $70.00 price target on the restaurant operator’s stock, up from their prior price target of $63.00.
Several other brokerages also recently commented on DNKN. Zacks Investment Research upgraded Dunkin Brands Group from a hold rating to a buy rating and set a $74.00 target price for the company in a research note on Thursday, January 4th. Jefferies Group upgraded Dunkin Brands Group from an underperform rating to a hold rating and lifted their target price for the stock from $48.00 to $56.00 in a research note on Friday, December 22nd. 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 note on Tuesday, January 2nd. BidaskClub downgraded Dunkin Brands Group from a buy rating to a hold rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets set a $64.00 price target on Dunkin Brands Group and gave the company a hold rating in a research note on Friday, January 12th. 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 target price of $61.05.
Shares of Dunkin Brands Group (NASDAQ DNKN) traded down $0.53 during midday trading on Tuesday, hitting $64.56. The stock had a trading volume of 875,141 shares, compared to its average volume of 561,596. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin Brands Group has a one year low of $50.54 and a one year high of $66.44. The company has a market cap of $5,879.12, a P/E ratio of 26.79, a P/E/G ratio of 1.61 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results 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 negative return on equity of 140.12% and a net margin of 24.91%. The business had revenue of $224.20 million for the quarter, compared to the consensus estimate of $214.60 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. equities analysts predict that Dunkin Brands Group will post 2.42 EPS for the current fiscal year.
Dunkin Brands Group announced that its board has initiated a stock buyback plan on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new position in Dunkin Brands Group in the 2nd quarter valued at $104,000. Moon Capital Management LLC acquired a new position in Dunkin Brands Group in the 4th quarter valued at $193,000. FNY Partners Fund LP raised its holdings in Dunkin Brands Group by 95.0% in the 3rd quarter. FNY Partners Fund LP now owns 3,900 shares of the restaurant operator’s stock valued at $207,000 after acquiring an additional 1,900 shares in the last quarter. Boyd Watterson Asset Management LLC OH acquired a new position in Dunkin Brands Group in the 4th quarter valued at $221,000. Finally, Alps Advisors Inc. acquired a new position in Dunkin Brands Group in the 3rd quarter valued at $224,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
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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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