Wedbush reissued their outperform rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research report sent to investors on Friday morning, RTT News reports. They currently have a $92.00 target price on the restaurant operator’s stock.
A number of other brokerages have also commented on DNKN. Goldman Sachs Group initiated coverage on Dunkin Brands Group in a report on Monday, July 29th. They issued a neutral rating and a $85.00 price target on the stock. UBS Group set a $72.00 price target on Dunkin Brands Group and gave the company a hold rating in a report on Friday, May 3rd. JPMorgan Chase & Co. cut their price target on Dunkin Brands Group from $74.00 to $73.00 and set a neutral rating on the stock in a report on Friday, June 28th. Wells Fargo & Co boosted their price target on Dunkin Brands Group from $68.00 to $78.00 and gave the company a market perform rating in a report on Monday, July 15th. Finally, BidaskClub upgraded Dunkin Brands Group from a sell rating to a hold rating in a report on Saturday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $75.84.
NASDAQ:DNKN traded up $1.68 on Friday, reaching $80.64. The company’s stock had a trading volume of 859,629 shares, compared to its average volume of 560,185. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.48 and a beta of 0.46. The stock’s 50-day moving average price is $80.68. Dunkin Brands Group has a 1-year low of $61.69 and a 1-year high of $83.22.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. Equities research analysts expect that Dunkin Brands Group will post 3.05 earnings per share for the current year.
In related news, CFO Katherine D. Jaspon sold 4,894 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $74.94, for a total transaction of $366,756.36. Following the sale, the chief financial officer now owns 6,674 shares in the company, valued at $500,149.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Murphy sold 1,660 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $74.50, for a total value of $123,670.00. Following the sale, the chief operating officer now owns 11,882 shares in the company, valued at approximately $885,209. The disclosure for this sale can be found here. Insiders have sold 44,630 shares of company stock worth $3,331,569 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Dunkin Brands Group by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 580,297 shares of the restaurant operator’s stock worth $37,207,000 after buying an additional 10,707 shares during the last quarter. Legal & General Group Plc increased its position in Dunkin Brands Group by 4.0% during the fourth quarter. Legal & General Group Plc now owns 102,385 shares of the restaurant operator’s stock worth $6,565,000 after buying an additional 3,982 shares during the last quarter. Advisory Services Network LLC increased its position in Dunkin Brands Group by 24.4% during the fourth quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock worth $48,000 after buying an additional 148 shares during the last quarter. Norges Bank acquired a new position in Dunkin Brands Group during the fourth quarter worth approximately $37,948,000. Finally, Geode Capital Management LLC increased its position in Dunkin Brands Group by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock worth $53,868,000 after buying an additional 53,768 shares during the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.
About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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