Dunkin Brands Group Price Target Cut to $53.00 by Analysts at Miller Tabak (DNKN)
Miller Tabak lowered their target price on shares of Dunkin Brands Group (NASDAQ:DNKN) from $56.00 to $53.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Miller Tabak’s price target suggests a potential upside of 25.80% from the stock’s previous close.
DNKN has been the subject of a number of other 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 analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.00.
Shares of Dunkin Brands Group (NASDAQ:DNKN) opened at 42.13 on Friday. Dunkin Brands Group has a one year low of $40.50 and a one year high of $53.05. The stock’s 50-day moving average is $44.73 and its 200-day moving average is $47.18. The company has a market cap of $4.480 billion and a P/E ratio of 31.12.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results 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. On average, analysts predict that Dunkin Brands Group will post $1.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors 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 2.18%. 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.
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.