QS Investors LLC grew its stake in shares of Dunkin’ Brands (NASDAQ:DNKN) by 672.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,561 shares of the restaurant operator’s stock after purchasing an additional 69,255 shares during the period. QS Investors LLC owned about 0.09% of Dunkin’ Brands worth $5,129,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Dunkin’ Brands during the fourth quarter valued at $117,000. Aevitas Wealth Management Inc. purchased a new stake in shares of Dunkin’ Brands during the fourth quarter valued at $130,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Dunkin’ Brands during the fourth quarter valued at $135,000. Capital Analysts LLC purchased a new stake in shares of Dunkin’ Brands during the fourth quarter valued at $134,000. Finally, Aviance Capital Management LLC purchased a new stake in shares of Dunkin’ Brands during the fourth quarter valued at $169,000. 97.68% of the stock is owned by institutional investors and hedge funds.
Shares of DNKN stock opened at $59.69 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 361.71. Dunkin’ Brands has a fifty-two week low of $50.89 and a fifty-two week high of $68.45. The stock has a market capitalization of $4,962.58, a price-to-earnings ratio of 24.56, a PEG ratio of 1.69 and a beta of 0.30.
Dunkin’ Brands (NASDAQ:DNKN) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Dunkin’ Brands had a negative return on equity of 190.44% and a net margin of 40.77%. 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 business’s revenue was up 5.3% compared to the same quarter last year. equities research analysts expect that Dunkin’ Brands will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th were given a $0.3475 dividend. This is a positive change from Dunkin’ Brands’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, March 9th. Dunkin’ Brands’s dividend payout ratio is presently 57.20%.
DNKN has been the subject of several analyst reports. Barclays reaffirmed an “overweight” rating and set a $70.00 target price (up from $63.00) on shares of Dunkin’ Brands in a report on Tuesday, January 16th. Piper Jaffray upped their target price on Dunkin’ Brands from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Maxim Group reaffirmed a “buy” rating and set a $71.00 target price on shares of Dunkin’ Brands in a report on Tuesday, February 6th. Cowen reissued a “hold” rating and issued a $62.00 price objective on shares of Dunkin’ Brands in a research note on Friday, February 2nd. Finally, Bank of America reduced their price objective on Dunkin’ Brands from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Dunkin’ Brands has an average rating of “Hold” and an average price target of $64.20.
In other Dunkin’ Brands news, insider William M. Mitchell sold 46,180 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $61.30, for a total value of $2,830,834.00. Following the transaction, the insider now directly owns 33,000 shares of the company’s stock, valued at approximately $2,022,900. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Nigel Travis sold 57,296 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $63.24, for a total value of $3,623,399.04. Following the completion of the transaction, the chief executive officer now directly owns 327,957 shares in the company, valued at $20,740,000.68. 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.
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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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