Richard J. Emmett Sells 30,000 Shares of Dunkin Brands Group Inc (DNKN) Stock

Dunkin Brands Group Inc (NASDAQ:DNKN) insider Richard J. Emmett sold 30,000 shares of Dunkin Brands Group stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $73.00, for a total transaction of $2,190,000.00. Following the transaction, the insider now directly owns 43,050 shares of the company’s stock, valued at $3,142,650. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results 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. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The firm had revenue of $350.01 million during the quarter, compared to analysts’ expectations of $344.17 million. As a group, research analysts expect that Dunkin Brands Group Inc will post 2.84 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Dunkin Brands Group by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,919 shares of the restaurant operator’s stock worth $30,178,000 after purchasing an additional 32,045 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Dunkin Brands Group by 38.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,043 shares of the restaurant operator’s stock worth $832,000 after purchasing an additional 3,355 shares during the period. Keybank National Association OH lifted its position in shares of Dunkin Brands Group by 175.4% in the 2nd quarter. Keybank National Association OH now owns 24,375 shares of the restaurant operator’s stock worth $1,684,000 after purchasing an additional 15,525 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dunkin Brands Group by 7.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 569,154 shares of the restaurant operator’s stock worth $39,312,000 after purchasing an additional 41,318 shares during the period. Finally, High Falls Advisors Inc purchased a new stake in shares of Dunkin Brands Group in the 2nd quarter worth approximately $222,000. 98.77% of the stock is owned by hedge funds and other institutional investors.

DNKN has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Dunkin Brands Group from $80.00 to $82.00 and gave the stock a “positive” rating in a research note on Monday, October 8th. BidaskClub raised shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Royal Bank of Canada cut shares of Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price objective for the company. in a research report on Friday, September 14th. They noted that the move was a valuation call. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 price objective on shares of Dunkin Brands Group in a research report on Friday, July 13th. Finally, Morgan Stanley boosted their price objective on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.17.

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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