BidaskClub cut shares of Dunkin Brands Group Inc (NASDAQ:DNKN) from a buy rating to a hold rating in a research note issued to investors on Saturday.
A number of other research analysts have also weighed in on the stock. Mizuho assumed coverage on shares of Dunkin Brands Group in a research report on Thursday. They set a neutral rating and a $56.00 price target on the stock. Argus raised shares of Dunkin Brands Group from a hold rating to a buy rating and raised their price target for the company from $58.84 to $68.00 in a research report on Tuesday. Barclays PLC raised their price target on shares of Dunkin Brands Group from $62.00 to $65.00 and gave the company an overweight rating in a research report on Wednesday, May 31st. Wedbush reissued a hold rating and set a $54.00 price target on shares of Dunkin Brands Group in a research report on Monday, May 15th. Finally, BMO Capital Markets raised their price target on shares of Dunkin Brands Group from $46.00 to $52.00 and gave the company a market perform rating in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Dunkin Brands Group has an average rating of Hold and an average target price of $55.19.
Shares of Dunkin Brands Group (DNKN) traded down 2.68% during midday trading on Friday, hitting $56.93. 1,680,756 shares of the stock were exchanged. Dunkin Brands Group has a 1-year low of $41.29 and a 1-year high of $59.70. The firm’s 50 day moving average is $56.68 and its 200-day moving average is $54.49. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.64 and a beta of 0.20.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Dunkin Brands Group had a net margin of 23.59% and a negative return on equity of 108.58%. The company had revenue of $190.70 million for the quarter, compared to analyst estimates of $192.36 million. During the same period last year, the firm earned $0.44 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts predict that Dunkin Brands Group will post $2.43 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th will be given a $0.3225 dividend. This represents a $1.29 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, June 1st. Dunkin Brands Group’s dividend payout ratio is 56.60%.
A number of hedge funds have recently made changes to their positions in DNKN. Peconic Partners LLC acquired a new position in Dunkin Brands Group during the third quarter valued at $7,429,000. Russell Investments Group Ltd. acquired a new position in Dunkin Brands Group during the fourth quarter valued at $157,000. Cadence Capital Management LLC increased its position in Dunkin Brands Group by 18.4% in the fourth quarter. Cadence Capital Management LLC now owns 13,106 shares of the restaurant operator’s stock valued at $687,000 after buying an additional 2,038 shares during the last quarter. Comerica Bank increased its position in Dunkin Brands Group by 3.9% in the fourth quarter. Comerica Bank now owns 79,445 shares of the restaurant operator’s stock valued at $4,118,000 after buying an additional 2,979 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Dunkin Brands Group by 6.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,223 shares of the restaurant operator’s stock valued at $1,270,000 after buying an additional 1,397 shares during the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.
Dunkin Brands Group Company Profile
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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