Janney Montgomery Scott LLC boosted its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,514 shares of the restaurant operator’s stock after buying an additional 1,307 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dunkin’ Brands Group were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Hall Laurie J Trustee acquired a new position in shares of Dunkin’ Brands Group during the 3rd quarter worth about $29,000. Huntington National Bank grew its stake in Dunkin’ Brands Group by 87.5% in the 3rd quarter. Huntington National Bank now owns 375 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 175 shares during the last quarter. Sandy Spring Bank raised its holdings in Dunkin’ Brands Group by 266.7% in the 2nd quarter. Sandy Spring Bank now owns 550 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 400 shares during the period. NEXT Financial Group Inc acquired a new stake in Dunkin’ Brands Group during the third quarter worth approximately $51,000. Finally, Ropes Wealth Advisors LLC grew its position in shares of Dunkin’ Brands Group by 168.5% in the third quarter. Ropes Wealth Advisors LLC now owns 639 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 82.04% of the company’s stock.
Several analysts recently issued reports on the company. KeyCorp boosted their price target on Dunkin’ Brands Group from $78.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. UBS Group upped their price target on shares of Dunkin’ Brands Group from $66.00 to $71.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. BidaskClub upgraded shares of Dunkin’ Brands Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Wedbush boosted their price objective on shares of Dunkin’ Brands Group from $102.00 to $106.50 and gave the company a “neutral” rating in a report on Friday, November 6th. They noted that the move was a valuation call. Finally, Wells Fargo & Company raised their target price on shares of Dunkin’ Brands Group from $83.00 to $106.50 and gave the stock an “equal weight” rating in a report on Monday, October 26th. Eighteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dunkin’ Brands Group has an average rating of “Hold” and an average target price of $85.32.
NASDAQ DNKN opened at $106.16 on Friday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 4.21 and a beta of 0.95. Dunkin’ Brands Group, Inc. has a twelve month low of $38.51 and a twelve month high of $106.30. The business’s fifty day moving average is $95.09 and its 200 day moving average is $75.69.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Tuesday, November 3rd. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.13. Dunkin’ Brands Group had a negative return on equity of 39.92% and a net margin of 16.84%. The company had revenue of $361.50 million during the quarter, compared to the consensus estimate of $344.65 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Dunkin’ Brands Group, Inc. will post 2.8 EPS for the current year.
Dunkin’ Brands Group Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, franchises and licenses quick service restaurants in the United States and internationally. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S.
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