FY2017 EPS Estimates for Dunkin Brands Group Inc (DNKN) Lowered by William Blair

Dunkin Brands Group Inc (NASDAQ:DNKN) – Research analysts at William Blair lowered their FY2017 earnings per share (EPS) estimates for Dunkin Brands Group in a research note issued to investors on Monday. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $2.42 per share for the year, down from their prior forecast of $2.43. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Dunkin Brands Group’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.90 EPS and FY2019 earnings at $3.21 EPS.

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

Several other brokerages also recently weighed in on DNKN. Barclays reiterated an “overweight” rating and set a $70.00 target price (up previously from $63.00) on shares of Dunkin Brands Group in a research note on Tuesday, January 16th. BidaskClub downgraded shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BMO Capital Markets set a $64.00 target price on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Maxim Group increased their target price on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of “Hold” and an average price target of $61.05.

Dunkin Brands Group (DNKN) opened at $64.76 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82. Dunkin Brands Group has a 12 month low of $50.54 and a 12 month high of $66.44. The stock has a market cap of $5,831.25, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.60 and a beta of 0.30.

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its position in Dunkin Brands Group by 0.3% in the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock valued at $457,919,000 after purchasing an additional 21,819 shares during the period. BlackRock Inc. lifted its position in Dunkin Brands Group by 1.4% in the second quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock valued at $400,787,000 after purchasing an additional 101,819 shares during the period. Vanguard Group Inc. lifted its position in Dunkin Brands Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock valued at $400,478,000 after purchasing an additional 103,573 shares during the period. State Street Corp lifted its position in Dunkin Brands Group by 1.6% in the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after purchasing an additional 36,032 shares during the period. Finally, Jackson Square Partners LLC lifted its position in Dunkin Brands Group by 2.9% in the third quarter. Jackson Square Partners LLC now owns 1,770,558 shares of the restaurant operator’s stock valued at $93,981,000 after purchasing an additional 50,204 shares during the period. Hedge funds and other institutional investors own 90.70% of the company’s stock.

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

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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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