Dunkin Brands Group Inc (DNKN) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 40.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,934 shares of the restaurant operator’s stock after selling 9,585 shares during the period. William Blair Investment Management LLC’s holdings in Dunkin Brands Group were worth $1,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Coastline Trust Co grew its holdings in Dunkin Brands Group by 5.2% during the 3rd quarter. Coastline Trust Co now owns 15,060 shares of the restaurant operator’s stock worth $1,110,000 after acquiring an additional 750 shares in the last quarter. Barrett Asset Management LLC grew its holdings in Dunkin Brands Group by 0.7% during the 3rd quarter. Barrett Asset Management LLC now owns 107,510 shares of the restaurant operator’s stock worth $7,926,000 after acquiring an additional 750 shares in the last quarter. First National Bank of Omaha grew its holdings in Dunkin Brands Group by 21.5% during the 3rd quarter. First National Bank of Omaha now owns 4,260 shares of the restaurant operator’s stock worth $314,000 after acquiring an additional 755 shares in the last quarter. Aviance Capital Management LLC grew its holdings in Dunkin Brands Group by 27.5% during the 2nd quarter. Aviance Capital Management LLC now owns 3,642 shares of the restaurant operator’s stock worth $252,000 after acquiring an additional 785 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in Dunkin Brands Group by 1.6% during the 2nd quarter. MetLife Investment Advisors LLC now owns 52,145 shares of the restaurant operator’s stock worth $3,602,000 after acquiring an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.

DNKN has been the topic of several recent research reports. TheStreet upgraded shares of Dunkin Brands Group from a “c+” rating to a “b-” rating in a report on Friday, November 9th. Citigroup increased their price target on shares of Dunkin Brands Group from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, August 13th. BidaskClub raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 13th. Maxim Group increased their price target on shares of Dunkin Brands Group from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.22.

Shares of Dunkin Brands Group stock opened at $72.77 on Friday. The company has a market capitalization of $6.04 billion, a P/E ratio of 29.95, a P/E/G ratio of 2.08 and a beta of 0.32. Dunkin Brands Group Inc has a 52 week low of $56.77 and a 52 week high of $77.13.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.10. The firm had revenue of $350.01 million during the quarter, compared to analyst estimates of $344.17 million. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. As a group, research analysts anticipate that Dunkin Brands Group Inc will post 2.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 26th were given a $0.3475 dividend. This represents a $1.39 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, November 23rd. Dunkin Brands Group’s payout ratio is currently 57.20%.

In related news, CFO Katherine D. Jaspon sold 1,900 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total value of $139,232.00. Following the completion of the transaction, the chief financial officer now directly owns 4,411 shares of the company’s stock, valued at approximately $323,238.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard J. Emmett sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $73.00, for a total transaction of $2,190,000.00. Following the completion of the transaction, the insider now directly owns 43,050 shares of the company’s stock, valued at $3,142,650. The disclosure for this sale can be found here. Insiders sold a total of 524,591 shares of company stock valued at $38,151,848 over the last ninety days. 3.00% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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