Wedbush Comments on Dunkin Brands Group Inc’s FY2017 Earnings (DNKN)
Dunkin Brands Group Inc (NASDAQ:DNKN) – Analysts at Wedbush boosted their FY2017 earnings per share (EPS) estimates for shares of Dunkin Brands Group in a research note issued to investors on Thursday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $2.43 for the year, up from their prior forecast of $2.37. Wedbush has a “Hold” rating and a $54.00 price target on the stock. Wedbush also issued estimates for Dunkin Brands Group’s Q4 2017 earnings at $0.67 EPS.
Several other research analysts have also commented on DNKN. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Friday. Royal Bank of Canada upgraded shares of Dunkin Brands Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $64.00 in a report on Monday, May 1st. BMO Capital Markets restated a “market perform” rating and issued a $52.00 price objective (up from $46.00) on shares of Dunkin Brands Group in a report on Friday. Robert W. Baird restated an “outperform” rating and issued a $56.00 price objective on shares of Dunkin Brands Group in a report on Tuesday, February 7th. Finally, Maxim Group restated a “buy” rating and issued a $61.00 price objective on shares of Dunkin Brands Group in a report on Thursday, February 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Dunkin Brands Group has a consensus rating of “Hold” and an average price target of $53.93.
Shares of Dunkin Brands Group (NASDAQ:DNKN) opened at 55.97 on Monday. The firm has a 50-day moving average of $55.24 and a 200-day moving average of $53.06. Dunkin Brands Group has a 12-month low of $41.29 and a 12-month high of $58.43.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. The business earned $190.70 million during the quarter, compared to analysts’ expectations of $192.36 million. Dunkin Brands Group had a net margin of 23.59% and a negative return on equity of 108.58%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share.
A number of hedge funds have recently made changes to their positions in DNKN. Norges Bank purchased a new stake in shares of Dunkin Brands Group during the fourth quarter valued at approximately $31,640,000. Janus Capital Management LLC increased its stake in shares of Dunkin Brands Group by 5.6% in the fourth quarter. Janus Capital Management LLC now owns 8,946,560 shares of the restaurant operator’s stock valued at $469,158,000 after buying an additional 470,747 shares during the period. Samlyn Capital LLC purchased a new stake in shares of Dunkin Brands Group during the third quarter valued at approximately $8,030,000. Peconic Partners LLC purchased a new stake in shares of Dunkin Brands Group during the third quarter valued at approximately $7,429,000. Finally, Fiera Capital Corp increased its stake in shares of Dunkin Brands Group by 17.9% in the fourth quarter. Fiera Capital Corp now owns 785,216 shares of the restaurant operator’s stock valued at $41,177,000 after buying an additional 119,305 shares during the period. 97.53% of the stock is currently owned by institutional investors.
In related news, insider Richard J. Emmett sold 5,000 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the insider now directly owns 16,900 shares of the company’s stock, valued at approximately $929,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Varughese sold 9,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $54.58, for a total transaction of $491,220.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at $218,320. The disclosure for this sale can be found here. Insiders have sold a total of 135,038 shares of company stock worth $7,427,180 over the last three months. 2.90% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Monday, June 5th will be given a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, June 1st. Dunkin Brands Group’s dividend payout ratio (DPR) is 56.60%.
About Dunkin Brands Group
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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