California State Teachers Retirement System trimmed its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,230 shares of the restaurant operator’s stock after selling 4,845 shares during the quarter. California State Teachers Retirement System’s holdings in Dunkin Brands Group were worth $8,251,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Dunkin Brands Group by 9.4% during the first quarter. LPL Financial LLC now owns 10,815 shares of the restaurant operator’s stock valued at $646,000 after purchasing an additional 932 shares during the period. Element Capital Management LLC purchased a new stake in shares of Dunkin Brands Group during the first quarter valued at $225,000. Ostrum Asset Management purchased a new stake in shares of Dunkin Brands Group during the first quarter valued at $270,000. Blair William & Co. IL boosted its stake in shares of Dunkin Brands Group by 241.6% during the first quarter. Blair William & Co. IL now owns 133,556 shares of the restaurant operator’s stock valued at $7,972,000 after purchasing an additional 94,460 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dunkin Brands Group during the first quarter valued at $4,721,000. 98.88% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $70.00 target price (up from $62.00) on shares of Dunkin Brands Group in a research note on Tuesday. Citigroup boosted their target price on shares of Dunkin Brands Group from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th. Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Wednesday. Bank of America boosted their target price on shares of Dunkin Brands Group from $65.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, June 14th. Finally, ValuEngine raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.00.
NASDAQ:DNKN opened at $69.14 on Friday. Dunkin Brands Group Inc has a 1-year low of $50.89 and a 1-year high of $70.55. The stock has a market capitalization of $5.72 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.30. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of -3.54.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.10. Dunkin Brands Group had a net margin of 36.40% and a negative return on equity of 75.12%. The company had revenue of $301.30 million during the quarter, compared to analyst estimates of $303.72 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts predict that Dunkin Brands Group Inc will post 2.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Tuesday, May 29th were paid a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, May 25th. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.20%.
In other Dunkin Brands Group news, CEO Nigel Travis sold 60,000 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $62.16, for a total value of $3,729,600.00. Following the completion of the transaction, the chief executive officer now directly owns 308,254 shares in the company, valued at $19,161,068.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Katherine D. Jaspon sold 1,530 shares of the business’s stock in a transaction dated 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. Insiders own 3.00% of the company’s stock.
About Dunkin Brands Group
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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