Dunkin’ Brands Group Inc. (DNKN) Price Target Raised to $52.00
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) had its price objective hoisted by equities research analysts at Credit Suisse Group AG from $51.00 to $52.00 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 7.68% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Credit Agricole SA lowered Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $53.00 to $49.00 in a research report on Thursday, July 28th. Robert W. Baird restated an “outperform” rating on shares of Dunkin’ Brands Group in a research report on Thursday, September 8th. BTIG Research restated a “neutral” rating on shares of Dunkin’ Brands Group in a research report on Thursday, July 21st. Goldman Sachs Group Inc. boosted their target price on Dunkin’ Brands Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Finally, BMO Capital Markets restated a “hold” rating and set a $46.00 target price on shares of Dunkin’ Brands Group in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.87.
Dunkin’ Brands Group (NASDAQ:DNKN) traded up 1.22% during trading on Tuesday, reaching $48.29. The company had a trading volume of 983,361 shares. Dunkin’ Brands Group has a 52-week low of $36.44 and a 52-week high of $50.64. The company has a 50 day moving average price of $47.71 and a 200 day moving average price of $46.35. The company has a market capitalization of $4.43 billion, a PE ratio of 36.69 and a beta of 0.17.
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Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company earned $216.30 million during the quarter, compared to analyst estimates of $219.88 million. Dunkin’ Brands Group had a negative return on equity of 106.20% and a net margin of 15.13%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. On average, equities analysts forecast that Dunkin’ Brands Group will post $2.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, August 18th. Dunkin’ Brands Group’s dividend payout ratio is currently 90.91%.
In other news, insider John H. Costello sold 12,782 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $45.15, for a total transaction of $577,107.30. Following the sale, the insider now owns 19,671 shares in the company, valued at approximately $888,145.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William M. Mitchell sold 5,648 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $45.87, for a total value of $259,073.76. Following the sale, the insider now owns 5,648 shares in the company, valued at approximately $259,073.76. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Large investors have recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Dunkin’ Brands Group during the second quarter worth about $425,000. Mason Street Advisors LLC bought a new stake in shares of Dunkin’ Brands Group during the second quarter worth about $1,823,000. Royal Bank of Canada boosted its stake in shares of Dunkin’ Brands Group by 0.7% in the second quarter. Royal Bank of Canada now owns 216,770 shares of the company’s stock worth $9,457,000 after buying an additional 1,540 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Dunkin’ Brands Group by 43.9% in the second quarter. IFP Advisors Inc now owns 2,663 shares of the company’s stock worth $116,000 after buying an additional 812 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its stake in shares of Dunkin’ Brands Group by 6.5% in the second quarter. Calvert Investment Management Inc. now owns 5,557 shares of the company’s stock worth $242,000 after buying an additional 338 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.
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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