$219.85 Million in Sales Expected for Dunkin’ Brands Group, Inc. (DNKN) This Quarter
Wall Street brokerages predict that Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) will announce $219.85 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Dunkin’ Brands Group’s earnings. The highest sales estimate is $223.47 million and the lowest is $216.56 million. Dunkin’ Brands Group reported sales of $216.31 million during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to issue its next quarterly earnings results on Thursday, July 20th.
On average, analysts expect that Dunkin’ Brands Group will report full-year sales of $219.85 million for the current financial year, with estimates ranging from $836.10 million to $848.50 million. For the next financial year, analysts expect that the business will report sales of $884.40 million per share, with estimates ranging from $875.47 million to $892.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Dunkin’ Brands Group.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $190.70 million for the quarter, compared to analysts’ expectations of $192.36 million. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS.
A number of analysts recently commented on the stock. Bank of America Corporation restated a “neutral” rating and issued a $62.00 price objective (up previously from $60.00) on shares of Dunkin’ Brands Group in a research report on Tuesday, June 13th. Maxim Group restated a “buy” rating on shares of Dunkin’ Brands Group in a research 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. Barclays PLC upped their price objective on shares of Dunkin’ Brands Group from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, May 31st. Finally, Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.84 to $68.00 in a research report on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Dunkin’ Brands Group has an average rating of “Hold” and an average target price of $55.59.
Shares of Dunkin’ Brands Group (DNKN) opened at 54.85 on Friday. The firm has a market cap of $5.05 billion, a PE ratio of 24.71 and a beta of 0.23. The stock has a 50 day moving average price of $56.93 and a 200 day moving average price of $54.64. Dunkin’ Brands Group has a 12 month low of $41.29 and a 12 month high of $59.70.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Monday, June 5th were paid a dividend of $0.3225 per share. The ex-dividend date was Thursday, June 1st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.35%. Dunkin’ Brands Group’s dividend payout ratio is 57.85%.
Several institutional investors have recently bought and sold shares of DNKN. BlackRock Inc. increased its position in Dunkin’ Brands Group by 13,874.6% in the first quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock worth $392,023,000 after buying an additional 7,118,061 shares in the last quarter. Janus Capital Management LLC increased its position in Dunkin’ Brands Group by 8.4% in the first quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after buying an additional 754,740 shares in the last quarter. Norges Bank acquired a new position in Dunkin’ Brands Group during the fourth quarter worth approximately $31,640,000. Westfield Capital Management Co. LP acquired a new position in Dunkin’ Brands Group during the first quarter worth approximately $31,773,000. Finally, JPMorgan Chase & Co. increased its position in Dunkin’ Brands Group by 683.5% in the first quarter. JPMorgan Chase & Co. now owns 656,641 shares of the restaurant operator’s stock worth $35,905,000 after buying an additional 572,837 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.
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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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