Dunkin’ Brands Group Inc. (DNKN) Downgraded to Sector Perform at RBC Capital Markets
Dunkin’ Brands Group Inc. (NASDAQ:DNKN) was downgraded by equities research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday. They presently have a $54.00 target price on the stock, up from their prior target price of $51.00. RBC Capital Markets’ price target indicates a potential upside of 5.20% from the stock’s current price. The analysts noted that the move was a valuation call.
DNKN has been the topic of a number of other research reports. Maxim Group boosted their price target on Dunkin’ Brands Group from $54.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, September 27th. Credit Agricole SA cut Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $53.00 to $49.00 in a research report on Thursday, July 28th. Royal Bank Of Canada cut Dunkin’ Brands Group from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $51.00 to $54.00 in a research report on Monday. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dunkin’ Brands Group in a research report on Monday, July 18th. Finally, Goldman Sachs Group Inc. lifted their price objective on Dunkin’ Brands Group from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Dunkin’ Brands Group presently has an average rating of “Hold” and an average target price of $48.03.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) traded down 1.009% during mid-day trading on Monday, hitting $50.812. The company had a trading volume of 441,048 shares. Dunkin’ Brands Group has a 52 week low of $36.44 and a 52 week high of $52.30. The firm has a market capitalization of $4.66 billion, a PE ratio of 38.611 and a beta of 0.23. The firm has a 50-day moving average price of $49.78 and a 200-day moving average price of $46.95.
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Dunkin’ Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Dunkin’ Brands Group had a negative return on equity of 106.20% and a net margin of 15.13%. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $219.88 million. During the same quarter in the previous year, the business earned $0.50 EPS. Dunkin’ Brands Group’s revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that Dunkin’ Brands Group will post $2.21 earnings per share for the current year.
In other Dunkin’ Brands Group news, insider William M. Mitchell sold 5,648 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $45.87, for a total transaction of $259,073.76. Following the completion of the sale, the insider now directly owns 5,648 shares in the company, valued at approximately $259,073.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John H. Costello sold 12,782 shares of the business’s stock in a transaction 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 sale, the insider now owns 19,671 shares of the company’s stock, valued at $888,145.65. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Several large investors have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Dunkin’ Brands Group by 43.9% in the second quarter. IFP Advisors Inc now owns 2,663 shares of the company’s stock valued at $116,000 after buying an additional 812 shares during the period. Winslow Evans & Crocker Inc. raised its stake in Dunkin’ Brands Group by 10.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,714 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. CT Financial Advisors LLC raised its stake in Dunkin’ Brands Group by 600.0% in the second quarter. CT Financial Advisors LLC now owns 3,150 shares of the company’s stock valued at $137,000 after buying an additional 2,700 shares during the period. Advisor Group Inc. bought a new stake in Dunkin’ Brands Group during the second quarter valued at approximately $171,000. Finally, Alpine Partners VI LLC bought a new stake in Dunkin’ Brands Group during the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 96.93% 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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