Zacks: Analysts Anticipate Dunkin Brands Group Inc (DNKN) Will Announce Quarterly Sales of $222.64 Million

Wall Street analysts expect that Dunkin Brands Group Inc (NASDAQ:DNKN) will report sales of $222.64 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dunkin Brands Group’s earnings. The highest sales estimate is $234.20 million and the lowest is $217.95 million. Dunkin Brands Group posted sales of $215.71 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The company is scheduled to announce its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Dunkin Brands Group will report full year sales of $222.64 million for the current year, with estimates ranging from $851.32 million to $867.57 million. For the next year, analysts forecast that the firm will post sales of $871.43 million per share, with estimates ranging from $850.25 million to $889.71 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. Dunkin Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. Dunkin Brands Group’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share.

A number of research firms recently issued reports on DNKN. Jefferies Group raised Dunkin Brands Group from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $48.00 to $56.00 in a report on Friday, December 22nd. Maxim Group lifted their price target on Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub raised Dunkin Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Credit Suisse Group reissued a “buy” rating and issued a $68.00 price target (up previously from $61.00) on shares of Dunkin Brands Group in a research note on Thursday, December 21st. Finally, Robert W. Baird set a $66.00 price target on Dunkin Brands Group and gave the stock a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.74.

A number of hedge funds and other institutional investors have recently made changes to their positions in DNKN. IHT Wealth Management LLC acquired a new stake in Dunkin Brands Group during the 2nd quarter worth about $104,000. FNY Partners Fund LP boosted its position in Dunkin Brands Group by 13,233.3% during the 2nd quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 1,985 shares during the period. Advisors Asset Management Inc. boosted its position in Dunkin Brands Group by 12.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dunkin Brands Group by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after acquiring an additional 259 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Dunkin Brands Group during the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Dunkin Brands Group (NASDAQ DNKN) opened at $66.03 on Thursday. The stock has a market capitalization of $5,920.67, a PE ratio of 28.83, a P/E/G ratio of 1.89 and a beta of 0.30. Dunkin Brands Group has a fifty-two week low of $50.26 and a fifty-two week high of $66.40. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82.

Dunkin Brands Group announced that its Board of Directors has approved a share buyback program on Thursday, October 26th that allows the company to buyback $650.00 million in shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Monday, November 27th were given a dividend of $0.322 per share. The ex-dividend date was Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a yield of 1.95%. Dunkin Brands Group’s payout ratio is presently 56.33%.

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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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