Janney Montgomery Scott Downgrades Dunkin Brands Group to Neutral (DNKN)
Dunkin Brands Group (NASDAQ:DNKN) opened at 43.89 on Friday. Dunkin Brands Group has a 52 week low of $40.51 and a 52 week high of $53.05. The stock has a 50-day moving average of $45.10 and a 200-day moving average of $47.37. The company has a market cap of $4.667 billion and a price-to-earnings ratio of 32.24.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings data on Thursday, April 24th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Dunkin Brands Group will post $1.80 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DNKN. 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of “Hold” and a consensus price target of $52.89.
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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