Dunkin Brands Group Sees Significant Drop in Short Interest (DNKN)
Shares of Dunkin Brands Group (NASDAQ:DNKN) were the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 5,490,666 shares, a decrease of 19.7% from the April 30th total of 6,840,008 shares, Analyst Ratings Network reports. Currently, 5.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,486,028 shares, the days-to-cover ratio is presently 3.7 days.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Dunkin Brands Group to a “hold” rating in a research note on Monday, May 12th. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Dunkin Brands Group in a research note on Tuesday, April 29th. They now have a $54.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.91.
Shares of Dunkin Brands Group (NASDAQ:DNKN) opened at 45.97 on Tuesday. Dunkin Brands Group has a one year low of $40.05 and a one year high of $53.05. The stock’s 50-day moving average is $45.6 and its 200-day moving average is $47.99. The company has a market cap of $4.889 billion and a P/E ratio of 33.16.
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. Analysts expect that Dunkin Brands Group will post $1.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Investors 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 2.00%. The ex-dividend date of this dividend is Thursday, May 22nd.
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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