Dunkin’ Brands Group Inc. (DNKN) Price Target Increased to $52.00 by Analysts at Credit Suisse Group AG
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) had its price objective raised by Credit Suisse Group AG from $51.00 to $52.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 8.99% from the company’s current price.
Several other research analysts also recently weighed in on DNKN. Citigroup Inc. upped their price objective on shares of Dunkin’ Brands Group from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Longbow Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Dunkin’ Brands Group in a research note on Monday, August 15th. BMO Capital Markets reiterated a “hold” rating and issued a $46.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 22nd. Goldman Sachs Group Inc. upped their target price on shares of Dunkin’ Brands Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $52.00 target price on shares of Dunkin’ Brands Group in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Dunkin’ Brands Group presently has an average rating of “Hold” and a consensus price target of $47.87.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) opened at 47.71 on Tuesday. Dunkin’ Brands Group has a 52 week low of $36.44 and a 52 week high of $50.64. The firm has a market cap of $4.38 billion, a PE ratio of 36.25 and a beta of 0.17. The firm has a 50-day moving average of $47.71 and a 200 day moving average of $46.35.
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Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Dunkin’ Brands Group had a net margin of 15.13% and a negative return on equity of 106.20%. The firm had revenue of $216.30 million for the quarter, compared to the consensus estimate of $219.88 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Dunkin’ Brands Group will post $2.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, August 18th. Dunkin’ Brands Group’s dividend payout ratio is currently 90.91%.
In related news, insider William M. Mitchell sold 5,648 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $45.87, for a total value of $259,073.76. Following the sale, the insider now directly owns 5,648 shares of the company’s stock, valued at $259,073.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John H. Costello sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $45.15, for a total transaction of $577,107.30. Following the completion of the sale, the insider now directly owns 19,671 shares in the company, valued at $888,145.65. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. CLS Investments LLC increased its stake in shares of Dunkin’ Brands Group by 0.3% in the second quarter. CLS Investments LLC now owns 20,834 shares of the company’s stock worth $909,000 after buying an additional 61 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Dunkin’ Brands Group by 0.7% in the second quarter. Profund Advisors LLC now owns 11,049 shares of the company’s stock worth $482,000 after buying an additional 80 shares in the last quarter. M&T Bank Corp boosted its position in shares of Dunkin’ Brands Group by 1.2% in the second quarter. M&T Bank Corp now owns 12,741 shares of the company’s stock worth $556,000 after buying an additional 154 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Dunkin’ Brands Group by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 53,025 shares of the company’s stock worth $2,501,000 after buying an additional 198 shares during the last quarter. Finally, Northstar Group Inc. boosted its position in shares of Dunkin’ Brands Group by 1.4% in the second quarter. Northstar Group Inc. now owns 14,625 shares of the company’s stock worth $638,000 after buying an additional 200 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.
Dunkin’ Brands Group Company Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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