Equities analysts predict that Dunkin Brands Group Inc (NASDAQ:DNKN) will announce sales of $301.26 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Dunkin Brands Group’s earnings, with estimates ranging from $292.30 million to $307.40 million. Dunkin Brands Group posted sales of $190.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 58%. The company is expected to issue its next earnings report on Thursday, May 3rd.
On average, analysts expect that Dunkin Brands Group will report full-year sales of $301.26 million for the current financial year, with estimates ranging from $1.30 billion to $1.33 billion. For the next financial year, analysts expect that the business will report sales of $1.37 billion per share, with estimates ranging from $1.35 billion to $1.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Dunkin Brands Group.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $227.10 million during the quarter, compared to analysts’ expectations of $220.54 million. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS.
Several research firms have recently commented on DNKN. Wells Fargo & Co reduced their price target on Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Friday, February 9th. BMO Capital Markets set a $58.00 price target on Dunkin Brands Group and gave the company a “hold” rating in a report on Friday, October 27th. Cowen reissued a “hold” rating and issued a $55.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. BidaskClub cut Dunkin Brands Group from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Stephens lifted their price objective on Dunkin Brands Group from $54.00 to $66.00 and gave the stock a “weight” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Dunkin Brands Group presently has an average rating of “Hold” and an average target price of $63.20.
Shares of Dunkin Brands Group (DNKN) opened at $61.98 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.79 and a debt-to-equity ratio of 361.71. The company has a market capitalization of $5,537.70, a P/E ratio of 16.27, a PEG ratio of 1.71 and a beta of 0.21. Dunkin Brands Group has a 1-year low of $50.89 and a 1-year high of $68.45.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be given a dividend of $0.3475 per share. 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 annualized dividend and a yield of 2.24%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 33.86%.
In other Dunkin Brands Group news, CEO Nigel Travis sold 63,816 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $62.01, for a total transaction of $3,957,230.16. Following the completion of the transaction, the chief executive officer now owns 327,957 shares of the company’s stock, valued at $20,336,613.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Scott Murphy sold 4,750 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 236,528 shares of company stock valued at $14,734,532 in the last three months. 3.10% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $117,000. Aevitas Wealth Management Inc. purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $130,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $135,000. Capital Analysts LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $134,000. Finally, Aviance Capital Management LLC purchased a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $169,000. 85.24% of the stock is owned by institutional investors and hedge funds.
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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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