Teachers Advisors LLC lifted its holdings in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,320 shares of the restaurant operator’s stock after purchasing an additional 19,761 shares during the period. Teachers Advisors LLC’s holdings in Dunkin Brands Group were worth $8,944,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Smithfield Trust Co. increased its stake in shares of Dunkin Brands Group by 2,018.5% during the 3rd quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,312 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Dunkin Brands Group during the 3rd quarter worth approximately $110,000. Stratos Wealth Partners LTD. acquired a new stake in Dunkin Brands Group during the third quarter worth approximately $169,000. Flagship Harbor Advisors LLC acquired a new stake in Dunkin Brands Group during the second quarter worth approximately $201,000. Finally, Bridgewater Associates LP acquired a new stake in Dunkin Brands Group during the third quarter worth approximately $202,000. 94.72% of the stock is owned by institutional investors and hedge funds.
Shares of DNKN opened at $69.64 on Friday. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.90 and a beta of 0.52. Dunkin Brands Group Inc has a fifty-two week low of $56.77 and a fifty-two week high of $77.13.
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, beating the Zacks’ consensus estimate of $0.73 by $0.10. The company had revenue of $350.01 million for 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%. Equities research analysts expect that Dunkin Brands Group Inc will post 2.84 earnings per share for the current year.
A number of analysts recently issued reports on DNKN shares. JPMorgan Chase & Co. decreased their target price on shares of Dunkin Brands Group from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. Robert W. Baird raised their target price on shares of Dunkin Brands Group from $80.00 to $82.00 and gave the stock a “positive” rating in a research report on Monday, October 8th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, November 20th. Royal Bank of Canada lowered shares of Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 target price on the stock. in a research report on Friday, September 14th. They noted that the move was a valuation call. Finally, Maxim Group restated a “buy” rating and set a $83.00 target price on shares of Dunkin Brands Group in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Dunkin Brands Group currently has a consensus rating of “Hold” and an average price target of $70.05.
In related news, insider Richard J. Emmett sold 30,000 shares of Dunkin Brands Group stock in a transaction 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 transaction, the insider now owns 43,050 shares in the company, valued at approximately $3,142,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Nigel Travis sold 298,662 shares of Dunkin Brands Group stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $72.35, for a total transaction of $21,608,195.70. Following the transaction, the chairman now owns 257,326 shares in the company, valued at approximately $18,617,536.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,591 shares of company stock worth $38,151,848. 3.00% of the stock is owned by company insiders.
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About Dunkin Brands Group
Dunkin’ Brands Group, Inc operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S.
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