Investment analysts at Gordon Haskett assumed coverage on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $70.00 price target on the restaurant operator’s stock. Gordon Haskett’s price objective points to a potential downside of 3.58% from the stock’s current price.
Several other equities research analysts also recently issued reports on DNKN. Zacks Investment Research raised Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday, June 27th. BidaskClub raised Dunkin Brands Group from a “hold” rating to a “buy” rating in a report on Saturday, October 13th. BMO Capital Markets lifted their target price on Dunkin Brands Group from $69.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Piper Jaffray Companies reissued a “neutral” rating and set a $70.00 target price (up previously from $62.00) on shares of Dunkin Brands Group in a report on Tuesday, June 26th. Finally, TheStreet raised Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. Dunkin Brands Group currently has a consensus rating of “Hold” and an average target price of $68.74.
Shares of Dunkin Brands Group stock opened at $72.60 on Thursday. Dunkin Brands Group has a 1 year low of $53.68 and a 1 year high of $77.13. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.35. The company has a debt-to-equity ratio of -3.72, a current ratio of 1.53 and a quick ratio of 1.53.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Dunkin Brands Group had a negative return on equity of 50.62% and a net margin of 32.48%. The business had revenue of $350.64 million during the quarter, compared to the consensus estimate of $343.38 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Dunkin Brands Group will post 2.73 EPS for the current fiscal year.
In related news, SVP Jason Maceda sold 7,103 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $71.89, for a total value of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares in the company, valued at $271,097.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John L. Clare sold 27,863 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $69.67, for a total value of $1,941,215.21. Following the completion of the transaction, the insider now owns 47,510 shares in the company, valued at approximately $3,310,021.70. The disclosure for this sale can be found here. Insiders sold 739,693 shares of company stock worth $51,896,387 in the last 90 days. 3.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DNKN. Dimensional Fund Advisors LP increased its position in shares of Dunkin Brands Group by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 527,836 shares of the restaurant operator’s stock worth $31,507,000 after purchasing an additional 5,261 shares during the period. PNC Financial Services Group Inc. grew its position in Dunkin Brands Group by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 6,764 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 1,152 shares during the last quarter. Russell Investments Group Ltd. grew its position in Dunkin Brands Group by 40.4% in the first quarter. Russell Investments Group Ltd. now owns 35,925 shares of the restaurant operator’s stock valued at $2,144,000 after acquiring an additional 10,340 shares during the last quarter. GSA Capital Partners LLP bought a new position in Dunkin Brands Group in the first quarter valued at about $350,000. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Dunkin Brands Group by 42.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,832 shares of the restaurant operator’s stock valued at $1,005,000 after acquiring an additional 5,003 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.
Dunkin Brands Group 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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