Dunkin Brands Group Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:DNKN)
Dunkin Brands Group (NASDAQ:DNKN) has earned an average recommendation of “Hold” from the eighteen brokerages that are covering the company, American Banking News reports. Three research 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.82.
Several analysts have recently commented on the stock. 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) opened at 43.54 on Thursday. 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 $43.65 and its 200-day moving average is $46.57. The company has a market cap of $4.565 billion and a P/E ratio of 31.12.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly 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. 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. Shareholders 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 2.11%. 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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