Nigel Travis Sells 83,030 Shares of Dunkin Brands Group Inc (DNKN) Stock

Dunkin Brands Group Inc (NASDAQ:DNKN) Chairman Nigel Travis sold 83,030 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $73.54, for a total value of $6,106,026.20. Following the sale, the chairman now directly owns 338,411 shares of the company’s stock, valued at approximately $24,886,744.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nigel Travis also recently made the following trade(s):

  • On Thursday, August 9th, Nigel Travis sold 137,606 shares of Dunkin Brands Group stock. The shares were sold at an average price of $71.15, for a total value of $9,790,666.90.
  • On Tuesday, August 7th, Nigel Travis sold 100,747 shares of Dunkin Brands Group stock. The shares were sold at an average price of $70.76, for a total value of $7,128,857.72.

DNKN stock opened at $72.11 on Friday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.05 and a beta of 0.33. Dunkin Brands Group Inc has a fifty-two week low of $55.60 and a fifty-two week high of $77.13.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.10. The firm had revenue of $350.01 million for the quarter, compared to analysts’ expectations of $344.17 million. Dunkin Brands Group had a negative return on equity of 41.14% and a net margin of 30.28%. On average, sell-side analysts forecast that Dunkin Brands Group Inc will post 2.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be given a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 23rd. Dunkin Brands Group’s payout ratio is currently 57.20%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL increased its position in shares of Dunkin Brands Group by 23.3% in the third quarter. Virginia Retirement Systems ET AL now owns 23,300 shares of the restaurant operator’s stock worth $1,718,000 after purchasing an additional 4,400 shares during the period. WINTON GROUP Ltd increased its position in shares of Dunkin Brands Group by 51.8% in the third quarter. WINTON GROUP Ltd now owns 9,745 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 3,325 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Dunkin Brands Group by 10.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,325 shares of the restaurant operator’s stock worth $982,000 after purchasing an additional 1,282 shares during the period. Commerce Bank increased its position in shares of Dunkin Brands Group by 20.2% in the third quarter. Commerce Bank now owns 4,969 shares of the restaurant operator’s stock worth $367,000 after purchasing an additional 835 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Dunkin Brands Group by 2.1% in the third quarter. Wells Fargo & Company MN now owns 258,499 shares of the restaurant operator’s stock worth $19,056,000 after purchasing an additional 5,400 shares during the period. Institutional investors own 98.77% of the company’s stock.

DNKN has been the subject of several research reports. Citigroup raised their price target on Dunkin Brands Group from $83.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, October 30th. Maxim Group raised their price target on Dunkin Brands Group from $77.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and set a $80.00 price target on shares of Dunkin Brands Group in a report on Thursday, July 26th. BidaskClub downgraded Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Finally, BMO Capital Markets raised their price target on Dunkin Brands Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.17.

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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Insider Buying and Selling by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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