Dunkin’ Brands Group Upgraded to “Buy” by CL King (DNKN)
Dunkin’ Brands Group (NASDAQ:DNKN) was upgraded by stock analysts at CL King to a “buy” rating in a report issued on Thursday, Analyst Ratings News reports.
A number of other firms have also recently commented on DNKN. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Dunkin’ Brands Group in a research note to investors on Friday, December 6th. They now have a $48.00 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Dunkin’ Brands Group in a research note to investors on Tuesday, November 19th. They set a “neutral” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Dunkin’ Brands Group in a research note to investors on Friday, November 8th. They set an “outperform” rating and a $57.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.21.
Dunkin’ Brands Group (NASDAQ:DNKN) traded down 0.89% on Thursday, hitting $47.77. The stock had a trading volume of 263,670 shares. Dunkin’ Brands Group has a 52 week low of $33.06 and a 52 week high of $49.48. The stock’s 50-day moving average is $47.79 and its 200-day moving average is $45.38. The company has a market cap of $5.096 billion and a price-to-earnings ratio of 37.42.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis.
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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