BMO Capital Markets set a $64.00 target price on Dunkin Brands Group (NASDAQ:DNKN) in a research report sent to investors on Friday, January 12th. The firm currently has a hold rating on the restaurant operator’s stock.
A number of other brokerages have also recently commented on DNKN. Maxim Group reaffirmed a buy rating and set a $64.00 price target on shares of Dunkin Brands Group in a research report on Tuesday, October 17th. Zacks Investment Research raised Dunkin Brands Group from a sell rating to a hold rating in a report on Monday, October 16th. Jefferies Group raised Dunkin Brands Group from an underperform rating to a hold rating and boosted their price objective for the company from $48.00 to $56.00 in a report on Saturday, December 30th. Robert W. Baird set a $66.00 price objective on Dunkin Brands Group and gave the company a buy rating in a report on Monday, October 30th. Finally, Wedbush reissued a hold rating and issued a $56.00 price objective on shares of Dunkin Brands Group in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. Dunkin Brands Group has a consensus rating of Hold and an average price target of $61.00.
Shares of Dunkin Brands Group (DNKN) opened at $62.34 on Friday. Dunkin Brands Group has a 52-week low of $50.86 and a 52-week high of $68.45. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $5,630.73, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.21.
Dunkin Brands Group announced that its board has initiated a share repurchase plan 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 plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new stake in shares of Dunkin Brands Group in the second quarter valued at approximately $104,000. Cerebellum GP LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at approximately $117,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at approximately $135,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 in the last quarter. Finally, Moon Capital Management LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 90.99% 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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