Dunkin Brands Group Inc (NASDAQ:DNKN) CFO Katherine D. Jaspon sold 1,900 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $73.28, for a total value of $139,232.00. Following the completion of the sale, the chief financial officer now owns 4,411 shares of the company’s stock, valued at $323,238.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ DNKN opened at $74.51 on Friday. Dunkin Brands Group Inc has a 52 week low of $55.81 and a 52 week high of $77.13. The company has a market cap of $6.18 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.13 and a beta of 0.33.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 EPS for the quarter, beating the consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a negative return on equity of 41.14% and a net margin of 30.28%. The firm had revenue of $350.01 million during the quarter, compared to analysts’ expectations of $344.17 million. Equities analysts predict that Dunkin Brands Group Inc will post 2.84 EPS 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 dividend of $0.3475 per share. The ex-dividend date is Friday, November 23rd. This represents a $1.39 annualized dividend and a yield of 1.87%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.20%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Smithfield Trust Co. boosted its position in Dunkin Brands Group by 2,018.5% during the third quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,312 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Dunkin Brands Group in the third quarter valued at approximately $110,000. Fort L.P. acquired a new stake in shares of Dunkin Brands Group in the second quarter valued at approximately $123,000. Advisors Preferred LLC lifted its position in shares of Dunkin Brands Group by 797.1% in the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 1,650 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Dunkin Brands Group in the third quarter valued at approximately $169,000. 99.10% of the stock is owned by hedge funds and other institutional investors.
DNKN has been the subject of a number of research reports. Citigroup increased their price objective on Dunkin Brands Group from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, October 30th. Maxim Group increased their price objective on Dunkin Brands Group from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and set a $80.00 price objective 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 increased their price objective on Dunkin Brands Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus target price of $70.17.
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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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