Dunkin Brands Group Upgraded at Barclays (DNKN)
Dunkin Brands Group (NASDAQ:DNKN) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday. The firm currently has a $51.00 price target on the stock, up from their previous price target of $48.00. Barclays’ target price points to a potential upside of 15.78% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on DNKN. Analysts at Cleveland Research initiated coverage on shares of Dunkin Brands Group in a research note on Tuesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of “Hold” and a consensus target price of $50.82.
Shares of Dunkin Brands Group (NASDAQ:DNKN) traded up 1.32% on Wednesday, hitting $44.63. The stock had a trading volume of 884,563 shares. Dunkin Brands Group has a 1-year low of $40.50 and a 1-year high of $53.05. The stock’s 50-day moving average is $44.00 and its 200-day moving average is $46.79. The company has a market cap of $4.679 billion and a P/E ratio of 31.46.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, July 24th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter 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 announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 25th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. The ex-dividend date 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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