Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) has received a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $55.63.
Several brokerages have weighed in on DNKN. BMO Capital Markets lifted their target price on Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, May 15th. Wedbush reiterated a “hold” rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a research note on Monday, May 15th. Maxim Group lifted their target price on Dunkin’ Brands Group from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Argus upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.84 to $68.00 in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th.
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Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded down 1.24% during midday trading on Tuesday, reaching $54.85. The company had a trading volume of 1,304,687 shares. The stock has a market capitalization of $5.05 billion, a PE ratio of 24.71 and a beta of 0.23. Dunkin’ Brands Group has a 52-week low of $41.29 and a 52-week high of $59.70. The company’s 50 day moving average price is $56.93 and its 200 day moving average price is $54.64.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The firm had revenue of $190.70 million for the quarter, compared to the consensus estimate of $192.36 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Monday, June 5th were issued a dividend of $0.3225 per share. The ex-dividend date was Thursday, June 1st. This represents a $1.29 annualized dividend and a yield of 2.35%. Dunkin’ Brands Group’s dividend payout ratio is presently 57.85%.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Dunkin’ Brands Group by 13,874.6% in the first quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock valued at $392,023,000 after buying an additional 7,118,061 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Dunkin’ Brands Group by 8.4% in the first quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock valued at $530,467,000 after buying an additional 754,740 shares in the last quarter. Norges Bank purchased a new position in shares of Dunkin’ Brands Group during the fourth quarter valued at about $31,640,000. Westfield Capital Management Co. LP purchased a new position in shares of Dunkin’ Brands Group during the first quarter valued at about $31,773,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Dunkin’ Brands Group by 683.5% in the first quarter. JPMorgan Chase & Co. now owns 656,641 shares of the restaurant operator’s stock valued at $35,905,000 after buying an additional 572,837 shares in the last quarter. 94.25% of the stock is owned by hedge funds and other institutional investors.
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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