Dunkin Brands Group Inc (NASDAQ:DNKN) COO Scott Murphy sold 4,750 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $61.83, for a total value of $293,692.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Dunkin Brands Group Inc (DNKN) traded up $0.61 during trading hours on Thursday, hitting $61.31. 939,175 shares of the company were exchanged, compared to its average volume of 1,216,994. The company has a current ratio of 2.79, a quick ratio of 1.43 and a debt-to-equity ratio of 361.71. Dunkin Brands Group Inc has a 1 year low of $50.89 and a 1 year high of $68.45. The company has a market cap of $5,540.00, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.74 and a beta of 0.21.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a net margin of 40.77% and a negative return on equity of 190.44%. The firm had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.54 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities research analysts predict that Dunkin Brands Group Inc will post 2.68 earnings per share for the current fiscal year.
Dunkin Brands Group declared that its Board of Directors has approved a share buyback plan on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be issued a $0.3475 dividend. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 9th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.27%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.33%.
A number of research analysts have recently weighed in on the company. Mizuho lowered Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price objective for the company. in a research report on Thursday, October 26th. Wells Fargo & Co cut their price objective on Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Friday, February 9th. BMO Capital Markets set a $58.00 price objective on Dunkin Brands Group and gave the company a “hold” rating in a research report on Friday, October 27th. Cowen restated a “hold” rating and set a $55.00 price objective on shares of Dunkin Brands Group in a research report on Friday, October 27th. Finally, BidaskClub lowered Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.20.
Large investors have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in shares of Dunkin Brands Group in the 4th quarter valued at about $117,000. Aevitas Wealth Management Inc. bought a new position in shares of Dunkin Brands Group in the 4th quarter valued at about $130,000. SeaCrest Wealth Management LLC bought a new position in shares of Dunkin Brands Group in the 4th quarter valued at about $135,000. Capital Analysts LLC bought a new position in shares of Dunkin Brands Group in the 4th quarter valued at about $134,000. Finally, Aviance Capital Management LLC bought a new stake in Dunkin Brands Group in the fourth quarter worth about $169,000. 85.24% of the stock is owned by hedge funds and other 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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