Dunkin Brands Group Inc (DNKN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $53.85.
Several equities research analysts recently weighed in on DNKN shares. Maxim Group restated a “buy” rating on shares of Dunkin Brands Group in a report on Monday, April 10th. Cowen and Company restated a “market perform” rating on shares of Dunkin Brands Group in a research report on Friday, March 24th. Zacks Investment Research upgraded Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Barclays PLC lowered their price target on Dunkin Brands Group to $61.00 in a research report on Friday, February 10th. Finally, BMO Capital Markets upped their price target on Dunkin Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research report on Friday, May 5th.
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Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Dunkin Brands Group during the fourth quarter valued at $157,000. US Bancorp DE boosted its stake in Dunkin Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in Dunkin Brands Group during the first quarter valued at $204,000. National Asset Management Inc. purchased a new stake in Dunkin Brands Group during the third quarter valued at $207,000. Finally, Barings LLC purchased a new stake in Dunkin Brands Group during the first quarter valued at $208,000. 97.53% of the stock is owned by institutional investors and hedge funds.
Dunkin Brands Group (NASDAQ:DNKN) traded up 0.73% during mid-day trading on Friday, reaching $58.17. 1,219,449 shares of the company were exchanged. Dunkin Brands Group has a 12 month low of $41.29 and a 12 month high of $58.43. The stock’s 50-day moving average is $55.52 and its 200-day moving average is $53.89. The company has a market cap of $5.36 billion, a P/E ratio of 26.20 and a beta of 0.20.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The business had revenue of $190.70 million during the quarter, compared to analyst estimates of $192.36 million. Dunkin Brands Group had a negative return on equity of 108.58% and a net margin of 23.59%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities analysts expect that Dunkin Brands Group will post $2.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Monday, June 5th will be issued a dividend of $0.3225 per share. The ex-dividend date is Thursday, June 1st. This represents a $1.29 annualized dividend and a yield of 2.22%. Dunkin Brands Group’s payout ratio is currently 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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