Dunkin Brands Group Inc (NASDAQ:DNKN) has earned an average rating of “Hold” from the thirty analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.22.
DNKN has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Dunkin Brands Group from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, August 13th. BidaskClub upgraded shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Goldman Sachs Group upped their target price on shares of Dunkin Brands Group from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Tuesday, September 11th. Royal Bank of Canada lowered shares of Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price target on the stock. in a report on Friday, September 14th. They noted that the move was a valuation call. Finally, Maxim Group upped their target price on shares of 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.
NASDAQ:DNKN traded down $1.66 during midday trading on Friday, hitting $73.13. The stock had a trading volume of 428,746 shares, compared to its average volume of 698,206. The stock has a market cap of $6.11 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.13 and a beta of 0.32. Dunkin Brands Group has a one year low of $56.77 and a one year 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.10. The company 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%. As a group, sell-side analysts anticipate that Dunkin Brands Group will post 2.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.3475 per share. The ex-dividend date is Friday, November 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 1.90%. Dunkin Brands Group’s dividend payout ratio is currently 57.20%.
In related news, insider Richard J. Emmett sold 30,000 shares of Dunkin Brands Group stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $73.00, for a total value of $2,190,000.00. Following the completion of the sale, the insider now owns 43,050 shares in the company, valued at approximately $3,142,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Katherine D. Jaspon sold 1,900 shares of Dunkin Brands Group stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total transaction 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 approximately $323,238.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 524,591 shares of company stock valued at $38,151,848. Company insiders own 3.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DNKN. Smithfield Trust Co. grew its position in shares of Dunkin Brands Group by 2,018.5% in 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 position in Dunkin Brands Group during the 3rd quarter worth $110,000. Fort L.P. acquired a new position in Dunkin Brands Group during the 2nd quarter worth $123,000. Advisors Preferred LLC boosted its holdings in shares of Dunkin Brands Group by 797.1% in the 2nd 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 period. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $169,000. 94.74% of the stock is owned by hedge funds and other institutional investors.
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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