Dunkin’ Brands (NASDAQ:DNKN) announced a quarterly dividend on Friday, April 27th, Wall Street Journal reports. Stockholders of record on Tuesday, May 29th will be paid a dividend of 0.3475 per share by the restaurant operator on Wednesday, June 6th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, May 25th.
Shares of DNKN stock opened at $65.91 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of -3.54. The stock has a market capitalization of $5.47 billion, a PE ratio of 26.26, a PEG ratio of 1.92 and a beta of 0.30. Dunkin’ Brands has a 52-week low of $50.89 and a 52-week high of $68.45.
Dunkin’ Brands (NASDAQ:DNKN) last issued its earnings results on Thursday, April 26th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The company had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $303.72 million. Dunkin’ Brands had a net margin of 36.40% and a negative return on equity of 75.12%. Dunkin’ Brands’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. equities analysts forecast that Dunkin’ Brands will post 2.74 earnings per share for the current year.
DNKN has been the topic of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Dunkin’ Brands from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, March 26th. BidaskClub cut shares of Dunkin’ Brands from a “sell” rating to a “strong sell” rating in a report on Friday, March 16th. Piper Jaffray reaffirmed a “neutral” rating and issued a $62.00 target price (up from $59.00) on shares of Dunkin’ Brands in a report on Thursday, February 22nd. William Blair raised shares of Dunkin’ Brands from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. Finally, Cowen reaffirmed a “hold” rating and issued a $62.00 target price on shares of Dunkin’ Brands in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.37.
In other news, CEO Nigel Travis sold 57,296 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $63.24, for a total transaction of $3,623,399.04. Following the transaction, the chief executive officer now directly owns 327,957 shares of the company’s stock, valued at $20,740,000.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Katherine D. Jaspon sold 1,530 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $64.84, for a total transaction of $99,205.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 453,431 shares of company stock worth $28,218,730. Insiders own 3.00% of the company’s stock.
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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