Brokerages Expect Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) to Announce $0.63 EPS
Equities research analysts expect Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) to announce earnings of $0.63 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Dunkin’ Brands Group’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.64. Dunkin’ Brands Group posted earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 5%. The company is scheduled to report its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Dunkin’ Brands Group will report full year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.40 to $2.44. For the next financial year, analysts expect that the company will report earnings of $2.63 per share, with EPS estimates ranging from $2.56 to $2.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Dunkin’ Brands Group.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The firm had revenue of $218.50 million during the quarter, compared to analyst estimates of $220.77 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. Dunkin’ Brands Group’s revenue for the quarter was up 1.0% on a year-over-year basis.
A number of research firms recently issued reports on DNKN. BidaskClub raised shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reissued an “outperform” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Dunkin’ Brands Group from $52.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Maxim Group reissued a “buy” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.47.
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Shares of Dunkin’ Brands Group (NASDAQ:DNKN) traded down 2.89% during trading on Monday, hitting $53.34. 1,831,598 shares of the company were exchanged. The firm’s 50-day moving average price is $54.64 and its 200 day moving average price is $54.85. The firm has a market capitalization of $4.87 billion, a PE ratio of 23.39 and a beta of 0.21. Dunkin’ Brands Group has a 12 month low of $44.83 and a 12 month high of $59.70.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be given a dividend of $0.3225 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.42%. Dunkin’ Brands Group’s payout ratio is 56.33%.
In other news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of DNKN. Russell Investments Group Ltd. bought a new stake in shares of Dunkin’ Brands Group during the fourth quarter valued at about $157,000. Advisors Asset Management Inc. raised its stake in shares of Dunkin’ Brands Group by 12.1% in the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 336 shares during the period. US Bancorp DE raised its stake in shares of 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 period. Boston Advisors LLC bought a new stake in shares of Dunkin’ Brands Group during the second quarter valued at about $202,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $204,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
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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