Dunkin’ Brands Group Inc. Reaches New 12-Month High at $46.34 (DNKN)
Dunkin’ Brands Group (NASDAQ:DNKN)’s share price reached a new 52-week high during trading on Friday, Stock Ratings Network.com reports. The stock traded as high as $46.34 and last traded at $46.08, with a volume of 1,408,232 shares traded. The stock had previously closed at $44.63.
A number of analysts have recently weighed in on DNKN shares. Analysts at Northcoast Research initiated coverage on shares of Dunkin’ Brands Group (NASDAQ:DNKN) in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Separately, analysts at Longbow Research reiterated a “hold” rating on shares of Dunkin’ Brands Group (NASDAQ:DNKN) in a research note to investors on Tuesday, August 20th. They now have a $45.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Dunkin’ Brands Group (NASDAQ:DNKN) from $44.00 to $53.00 in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock.
Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $44.92.
In other Dunkin’ Brands Group news, Insider John Costello sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $43.48, for a total value of $86,960.00. Following the transaction, the insider now directly owns 22,432 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Dunkin’ Brands Group has a 1-year low of $28.50 and a 1-year high of $45.25. The stock has a 50-day moving average of $43.50 and a 200-day moving average of $40.96. The company has a market cap of $4.848 billion and a P/E ratio of 38.08.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings data on Thursday, July 25th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $182.50 million for the quarter, compared to the consensus estimate of $183.79 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Dunkin’ Brands Group will post $1.53 EPS for the current fiscal year.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN) is a franchisors of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
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