Dunkin Brands Group Inc (DNKN) Expected to Announce Earnings of $0.63 Per Share

Brokerages forecast that Dunkin Brands Group Inc (NASDAQ:DNKN) will report $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dunkin Brands Group’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.61. Dunkin Brands Group reported earnings per share of $0.64 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, February 6th.

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 year, analysts anticipate that the business will report earnings of $2.77 per share, with EPS estimates ranging from $2.55 to $3.17. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The firm 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%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share.

Several research analysts recently commented on the company. Mizuho cut Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 target price for the company. in a research report on Thursday, October 26th. BMO Capital Markets set a $58.00 target price on Dunkin Brands Group and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 27th. Maxim Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a research report on Thursday, October 26th. Finally, BidaskClub raised Dunkin Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.05.

Dunkin Brands Group (NASDAQ DNKN) opened at $65.09 on Friday. The company has a market capitalization of $5,761.70, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.58 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 debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43.

Dunkin Brands Group declared that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that authorizes the company to buyback $650.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently modified their holdings of DNKN. Janus Henderson Group PLC bought a new position in shares of Dunkin Brands Group during the second quarter valued at $474,315,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Dunkin Brands Group during the third quarter valued at $43,085,000. HS Management Partners LLC bought a new position in shares of Dunkin Brands Group during the third quarter valued at $17,590,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Dunkin Brands Group by 60.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 640,000 shares of the restaurant operator’s stock valued at $33,971,000 after acquiring an additional 240,000 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in shares of Dunkin Brands Group by 377.1% during the second quarter. Balyasny Asset Management LLC now owns 294,753 shares of the restaurant operator’s stock valued at $16,247,000 after acquiring an additional 232,968 shares during the period. 90.68% of the stock is owned by institutional investors.

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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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