Dunkin Brands Group Given Average Rating of “Hold” by Brokerages (NASDAQ:DNKN)
Shares of Dunkin Brands Group (NASDAQ:DNKN) have received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company, American Banking News reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $50.82.
A number of analysts have recently weighed in on DNKN shares. Analysts at Barclays upgraded shares of Dunkin Brands Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 20th. They now have a $51.00 price target on the stock, up previously from $48.00. They noted that the move was a valuation call. Separately, analysts at Cleveland Research initiated coverage on shares of Dunkin Brands Group in a research note on Tuesday, August 19th. They set a “buy” rating on the stock. Finally, 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.
Shares of Dunkin Brands Group (NASDAQ:DNKN) traded down 0.22% on Thursday, hitting $43.495. 94,080 shares of the company’s stock traded hands. 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 $43. and its 200-day moving average is $46.63. The company has a market cap of $4.560 billion and a price-to-earnings ratio of 31.14.
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 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. On average, analysts predict that Dunkin Brands Group will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders 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.
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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