Dunkin Brands Group (NASDAQ:DNKN) announced its quarterly earnings data on Thursday. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04, Morningstar.com reports. The company had revenue of $359.30 million during the quarter, compared to the consensus estimate of $360.32 million. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Dunkin Brands Group updated its FY 2019 guidance to $3.02-3.05 EPS and its FY19 guidance to $3.02-3.05 EPS.
Shares of NASDAQ DNKN traded up $1.68 during midday trading on Friday, reaching $80.64. 859,629 shares of the stock traded hands, compared to its average volume of 560,185. The company has a market capitalization of $6.66 billion, a PE ratio of 27.81, a PEG ratio of 2.48 and a beta of 0.46. Dunkin Brands Group has a one year low of $61.69 and a one year high of $83.22. The stock has a 50 day moving average of $80.68.
In other news, insider John L. Clare sold 8,367 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $627,525.00. Following the completion of the transaction, the insider now directly owns 29,412 shares in the company, valued at approximately $2,205,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine D. Jaspon sold 4,894 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $74.94, for a total value of $366,756.36. Following the transaction, the chief financial officer now owns 6,674 shares of the company’s stock, valued at $500,149.56. The disclosure for this sale can be found here. Insiders have sold a total of 44,630 shares of company stock valued at $3,331,569 over the last quarter. Corporate insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Semmax Financial Advisors Inc. boosted its position in shares of Dunkin Brands Group by 525.9% during the 1st quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 305 shares during the last quarter. CENTRAL TRUST Co bought a new position in shares of Dunkin Brands Group during the 1st quarter valued at approximately $29,000. Oakworth Capital Inc. bought a new position in shares of Dunkin Brands Group during the 2nd quarter valued at approximately $42,000. Penserra Capital Management LLC bought a new position in shares of Dunkin Brands Group during the 1st quarter valued at approximately $38,000. Finally, Bremer Bank National Association bought a new position in shares of Dunkin Brands Group during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 88.86% of the company’s stock.
Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Maxim Group restated a “hold” rating and issued a $79.00 price target on shares of Dunkin Brands Group in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $92.00 price target on shares of Dunkin Brands Group in a research note on Friday. Evercore ISI assumed coverage on Dunkin Brands Group in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $78.00 price target for the company. Finally, Morgan Stanley upped their price target on Dunkin Brands Group from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $75.84.
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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