JPMorgan Chase & Co. Increases Dunkin’ Brands Group Price Target to $46.00 (DNKN)
Equities research analysts at JPMorgan Chase & Co. increased their price target on shares of Dunkin’ Brands Group (NASDAQ:DNKN) from $45.00 to $46.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 5.35% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $53.00 price target on the stock, up previously from $46.00. Separately, analysts at Miller Tabak upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $53.00 price target on the stock, up previously from $46.00. Finally, analysts at Northcoast Research initiated coverage on shares of Dunkin’ Brands Group in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.50.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) traded up 1.97% during mid-day trading on Friday, hitting $48.60. 2,474,328 shares of the company’s stock traded hands. Dunkin’ Brands Group has a one year low of $28.24 and a one year high of $46.34. The stock has a 50-day moving average of $43.62 and a 200-day moving average of $41.02. The company has a market cap of $5.169 billion and a price-to-earnings ratio of 40.67.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, October 24th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.02. The company had revenue of $186.32 million for the quarter, compared to the consensus estimate of $182.94 million. During the same quarter last year, the company posted $0.37 earnings per share. Dunkin’ Brands Group’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Dunkin’ Brands Group will post $1.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 26th. Stockholders of record on Monday, November 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 14th.
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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