Dunkin’ Brands Group (DNKN) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Dunkin’ Brands Group (NASDAQ:DNKN) announced its earnings results on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $183.20 million for the quarter, compared to the consensus estimate of $178.50 million.
Several analysts have recently commented on the stock. Analysts at CL King upgraded shares of Dunkin’ Brands Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. On a related note, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.62.
Dunkin’ Brands Group (NASDAQ:DNKN) opened at 47.30 on Thursday. Dunkin’ Brands Group has a 52 week low of $35.92 and a 52 week high of $49.48. The stock’s 50-day moving average is $47.10 and its 200-day moving average is $45.9. The company has a market cap of $5.046 billion and a price-to-earnings ratio of 36.71.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Monday, March 10th will be given a dividend of 0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.95%.
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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