Dunkin’ Brands Group, Inc. (DNKN) Shares Gap Up on Better-Than-Expected Earnings

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) shares gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $50.32, but opened at $51.97. Dunkin’ Brands Group shares last traded at $54.13, with a volume of 5,926,640 shares traded.

The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $215.70 million for the quarter, compared to the consensus estimate of $215.66 million. Dunkin’ Brands Group had a negative return on equity of 95.96% and a net margin of 15.98%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Monday, March 13th will be given a $0.3225 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from Dunkin’ Brands Group’s previous quarterly dividend of $0.30. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 85.11%.

Several equities research analysts recently commented on DNKN shares. Wedbush increased their price target on Dunkin’ Brands Group from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $48.00 price target on shares of Dunkin’ Brands Group in a report on Friday. Barclays PLC cut their price target on Dunkin’ Brands Group to $61.00 in a report on Friday. Zacks Investment Research raised Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $56.00 price target on shares of Dunkin’ Brands Group in a report on Tuesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Dunkin’ Brands Group presently has an average rating of “Hold” and a consensus price target of $51.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNKN. Morgan Stanley raised its position in Dunkin’ Brands Group by 85.2% in the third quarter. Morgan Stanley now owns 7,415,278 shares of the company’s stock worth $386,189,000 after buying an additional 3,410,726 shares during the period. BlackRock Fund Advisors increased its stake in shares of Dunkin’ Brands Group by 4.3% in the third quarter. BlackRock Fund Advisors now owns 3,402,554 shares of the company’s stock worth $177,205,000 after buying an additional 139,591 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Dunkin’ Brands Group by 4.3% in the second quarter. TimesSquare Capital Management LLC now owns 940,400 shares of the company’s stock worth $41,020,000 after buying an additional 39,200 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Dunkin’ Brands Group by 246.0% in the third quarter. Ameriprise Financial Inc. now owns 830,552 shares of the company’s stock worth $43,255,000 after buying an additional 590,487 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Dunkin’ Brands Group by 1.4% in the third quarter. Northern Trust Corp now owns 825,470 shares of the company’s stock worth $42,991,000 after buying an additional 11,509 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

The stock has a 50 day moving average price of $52.00 and a 200 day moving average price of $50.34. The firm has a market capitalization of $5.13 billion, a P/E ratio of 39.74 and a beta of 0.20.

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About Dunkin’ Brands Group

Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

5 Day Chart for NASDAQ:DNKN

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