Dunkin’ Brands Group Inc. Reaches New 12-Month High at $50.41 (DNKN)
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) hit a new 52-week high on Thursday, Analyst Ratings.Net reports. The company traded as high as $50.41 and last traded at $48.67, with a volume of 2,822,458 shares trading hands. The stock had previously closed at $47.30.
DNKN has been the subject of a number of recent research reports. 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. Separately, 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.62.
Dunkin’ Brands Group has a 52 week low of $35.92 and a 52 week high of $49.48. The stock has a 50-day moving average of $47.0 and a 200-day moving average of $45.98. The company has a market cap of $5.215 billion and a price-to-earnings ratio of 36.71.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $183.20 million for the quarter, compared to the consensus estimate of $178.50 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Dunkin’ Brands Group will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 19th. Investors of record on Monday, March 10th will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.