Dunkin Brands Group Hits New 12-Month Low at $40.50 (DNKN)
Dunkin Brands Group (NASDAQ:DNKN) hit a new 52-week low on Thursday , American Banking and Market News reports. The stock traded as low as $40.50 and last traded at $41.71, with a volume of 5,127,587 shares traded. The stock had previously closed at $43.96.
DNKN has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott downgraded shares of Dunkin Brands Group from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $45.00 price target on the stock, down previously from $56.00. Separately, analysts at TheStreet downgraded shares of Dunkin Brands Group to a “hold” rating in a research note on Monday, May 12th. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.10.
The stock has a 50-day moving average of $44. and a 200-day moving average of $47.22. The company has a market cap of $4.468 billion and a price-to-earnings ratio of 32.56.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings data on Thursday, July 24th. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47. The company had revenue of $136.45 million for the quarter, compared to the consensus estimate of $198.64 million. During the same quarter last year, the company posted $0.41 earnings per share. Dunkin Brands Group’s revenue was up 4.6% 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, September 3rd. Shareholders of record on Monday, August 25th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, August 21st.
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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