Dunkin’ Brands (DNKN) Declares $0.35 Quarterly Dividend

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.

Dividend History for Dunkin` Brands (NASDAQ:DNKN)

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