Dunkin Brands Group (DNKN) Price Target Raised to $70.00
Dunkin Brands Group (NASDAQ:DNKN) had its price target increased by investment analysts at Barclays from $63.00 to $70.00 in a report released on Tuesday. The firm currently has an “overweight” rating on the restaurant operator’s stock. Barclays’ target price points to a potential upside of 9.89% from the company’s previous close.
A number of other brokerages have also weighed in on DNKN. Maxim Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Dunkin Brands Group in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Jefferies Group upgraded Dunkin Brands Group from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $48.00 to $56.00 in a research report on Saturday, December 30th. Robert W. Baird set a $66.00 price objective on Dunkin Brands Group and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Wedbush reiterated a “hold” rating and issued a $56.00 price objective on shares of Dunkin Brands Group in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.05.
Shares of Dunkin Brands Group (NASDAQ DNKN) traded down $0.69 during mid-day trading on Tuesday, hitting $63.70. The stock had a trading volume of 624,443 shares, compared to its average volume of 727,120. The company has a market cap of $5,870.00, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.64 and a beta of 0.30. Dunkin Brands Group has a 12-month low of $50.54 and a 12-month high of $66.44. 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 (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The business had revenue of $224.20 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. research analysts forecast that Dunkin Brands Group will post 2.42 EPS for the current fiscal year.
Dunkin Brands Group announced that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC bought a new stake in Dunkin Brands Group in the second quarter worth $104,000. Moon Capital Management LLC purchased a new position in shares of Dunkin Brands Group in the fourth quarter worth $193,000. Boyd Watterson Asset Management LLC OH purchased a new position in shares of Dunkin Brands Group in the fourth quarter worth $221,000. FNY Partners Fund LP raised its stake in shares of Dunkin Brands Group by 95.0% in the third quarter. FNY Partners Fund LP now owns 3,900 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Dunkin Brands Group in the third quarter worth $224,000. 90.68% of the stock is currently owned by institutional investors and hedge funds.
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Dunkin Brands Group Company Profile
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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