Point72 Asset Management L.P. reduced its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 93.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,931 shares of the restaurant operator’s stock after selling 917,519 shares during the period. Point72 Asset Management L.P. owned 0.07% of Dunkin Brands Group worth $4,915,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Dunkin Brands Group by 53.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 191,380 shares of the restaurant operator’s stock valued at $14,372,000 after acquiring an additional 66,737 shares in the last quarter. NEXT Financial Group Inc bought a new position in Dunkin Brands Group in the second quarter valued at approximately $54,000. Commerzbank Aktiengesellschaft FI grew its stake in Dunkin Brands Group by 19.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 11,795 shares of the restaurant operator’s stock valued at $940,000 after purchasing an additional 1,954 shares in the last quarter. Arden Trust Co acquired a new position in shares of Dunkin Brands Group during the 2nd quarter worth approximately $218,000. Finally, Arizona State Retirement System increased its position in shares of Dunkin Brands Group by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 59,982 shares of the restaurant operator’s stock worth $4,778,000 after purchasing an additional 644 shares during the last quarter. 86.64% of the stock is owned by institutional investors.
In other news, CFO Katherine D. Jaspon sold 15,198 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $75.99, for a total transaction of $1,154,896.02. 1.70% of the stock is owned by corporate insiders.
Several equities research analysts have recently commented on DNKN shares. Maxim Group increased their price objective on Dunkin Brands Group from $79.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Citigroup boosted their target price on shares of Dunkin Brands Group from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. OTR Global raised shares of Dunkin Brands Group from a “mixed” rating to a “positive” rating in a research report on Wednesday, October 9th. Argus raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Wednesday, August 7th. Finally, Wedbush reiterated a “positive” rating on shares of Dunkin Brands Group in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $79.93.
DNKN stock opened at $76.42 on Tuesday. The firm has a market capitalization of $6.34 billion, a PE ratio of 24.61, a PEG ratio of 2.49 and a beta of 0.42. Dunkin Brands Group Inc has a 1-year low of $61.69 and a 1-year high of $84.74. The business’s 50 day simple moving average is $75.60 and its 200 day simple moving average is $78.65.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. Dunkin Brands Group had a negative return on equity of 38.96% and a net margin of 17.54%. The business had revenue of $355.90 million during the quarter, compared to the consensus estimate of $357.91 million. During the same quarter last year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, research analysts predict that Dunkin Brands Group Inc will post 3.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, November 29th. Dunkin Brands Group’s payout ratio is presently 51.72%.
Dunkin Brands Group Profile
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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