Halsey Associates Inc. CT increased its stake in shares of Dunkin’ Brands (NASDAQ:DNKN) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,367 shares of the restaurant operator’s stock after purchasing an additional 3,910 shares during the quarter. Dunkin’ Brands makes up about 2.2% of Halsey Associates Inc. CT’s portfolio, making the stock its 19th largest holding. Halsey Associates Inc. CT owned about 0.22% of Dunkin’ Brands worth $12,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Dunkin’ Brands during the 4th quarter worth approximately $117,000. Aevitas Wealth Management Inc. acquired a new position in Dunkin’ Brands during the 4th quarter worth approximately $130,000. Capital Analysts LLC bought a new stake in Dunkin’ Brands during the 4th quarter worth approximately $134,000. SeaCrest Wealth Management LLC bought a new stake in Dunkin’ Brands during the 4th quarter worth approximately $135,000. Finally, Aviance Capital Management LLC bought a new stake in Dunkin’ Brands during the 4th quarter worth approximately $169,000. Institutional investors and hedge funds own 97.66% of the company’s stock.
Dunkin’ Brands (NASDAQ DNKN) traded up $0.35 during trading hours on Tuesday, hitting $60.23. 61,095 shares of the stock were exchanged, compared to its average volume of 1,183,958. The company has a debt-to-equity ratio of 361.71, a quick ratio of 2.79 and a current ratio of 2.79. Dunkin’ Brands has a 12 month low of $50.89 and a 12 month high of $68.45. The company has a market cap of $4,913.27, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.68 and a beta of 0.29.
Dunkin’ Brands (NASDAQ:DNKN) last posted its quarterly earnings data 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 had a net margin of 40.77% and a negative return on equity of 190.44%. The company had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.54 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. equities analysts expect that Dunkin’ Brands will post 2.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th will be paid a $0.3475 dividend. This is a positive change from Dunkin’ Brands’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, March 9th. Dunkin’ Brands’s dividend payout ratio is currently 36.48%.
In related news, CEO Nigel Travis sold 205,665 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $62.02, for a total transaction of $12,755,343.30. Following the transaction, the chief executive officer now owns 419,333 shares in the company, valued at approximately $26,007,032.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John L. Clare sold 13,388 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $62.02, for a total transaction of $830,323.76. Following the transaction, the insider now owns 29,772 shares in the company, valued at approximately $1,846,459.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,581 shares of company stock worth $28,320,199. Insiders own 3.10% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Bank of America reduced their target price on shares of Dunkin’ Brands from $68.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Maxim Group boosted their target price on shares of Dunkin’ Brands from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. BidaskClub raised shares of Dunkin’ Brands from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo reduced their target price on shares of Dunkin’ Brands from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, February 9th. Finally, Zacks Investment Research lowered shares of Dunkin’ Brands from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.20.
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Dunkin’ Brands Company Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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