Dunkin Brands Group Receives “Buy” Rating from Citigroup Inc. (DNKN)
Dunkin Brands Group (NASDAQ:DNKN)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Tuesday, American Banking News reports. They currently have a $54.00 target price on the stock. Citigroup Inc.’s price target would suggest a potential upside of 18.03% from the stock’s previous close.
Dunkin Brands Group (NASDAQ:DNKN) traded up 0.46% on Tuesday, hitting $45.96. The stock had a trading volume of 378,350 shares. Dunkin Brands Group has a 1-year low of $38.11 and a 1-year high of $53.05. The stock has a 50-day moving average of $49.61 and a 200-day moving average of $48.49. The company has a market cap of $4.891 billion and a P/E ratio of 33.64.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.03. The company had revenue of $171.95 million for the quarter, compared to the consensus estimate of $172.19 million. During the same quarter last year, the company posted $0.29 earnings per share. Dunkin Brands Group’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Dunkin Brands Group will post $1.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 22nd.
A number of other firms have also recently commented on DNKN. Analysts at Miller Tabak cut their price target on shares of Dunkin Brands Group from $57.00 to $56.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Dunkin Brands Group from $46.00 to $53.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus price target of $52.92.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN) is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
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