Cleveland Research Begins Coverage on Dunkin Brands Group (DNKN)
Equities researchers at Cleveland Research initiated coverage on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Dunkin Brands Group (NASDAQ:DNKN) traded up 1.55% on Tuesday, hitting $44.325. 340,449 shares of the company’s stock traded hands. Dunkin Brands Group has a 52 week low of $40.50 and a 52 week high of $53.05. The stock has a 50-day moving average of $44.0 and a 200-day moving average of $46.81. The company has a market cap of $4.647 billion and a P/E ratio of 31.18.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Dunkin Brands Group will post $1.76 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 2.11%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of other analysts have also recently weighed in on DNKN. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Dunkin Brands Group in a research note on Thursday, July 31st. They now have a $50.00 price target on the stock, down previously from $54.00. Separately, analysts at Williams Capital cut their price target on shares of Dunkin Brands Group from $58.00 to $55.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Dunkin Brands Group in a research note on Friday, July 25th. They now have a $46.00 price target on the stock, down previously from $52.00. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.00.
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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