Dunkin Brands Group (DNKN) Lifted to “Outperform” at BMO Capital Markets

Dunkin Brands Group (NASDAQ:DNKN) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday. The brokerage currently has a $69.00 price target on the restaurant operator’s stock. BMO Capital Markets’ price target points to a potential upside of 16.44% from the company’s current price.

DNKN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, January 4th. Jefferies Group upgraded shares of Dunkin Brands Group from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $48.00 to $56.00 in a research report on Saturday, December 30th. BidaskClub cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group restated a “buy” rating and issued a $68.00 price target (up previously from $61.00) on shares of Dunkin Brands Group in a research report on Thursday, December 21st. Finally, Barclays restated an “overweight” rating and issued a $70.00 price target (up previously from $63.00) on shares of Dunkin Brands Group in a research report on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.76.

Shares of Dunkin Brands Group (NASDAQ DNKN) traded up $0.69 on Monday, reaching $59.26. 2,023,370 shares of the company traded hands, compared to its average volume of 1,141,989. Dunkin Brands Group has a 12 month low of $50.89 and a 12 month high of $68.45. The company has a market capitalization of $5,350.00, a PE ratio of 15.55, a PEG ratio of 1.47 and a beta of 0.21. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a net margin of 40.77% and a negative return on equity of 190.44%. The company had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.54 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. Dunkin Brands Group’s quarterly revenue was up 5.3% on a year-over-year basis. analysts anticipate that Dunkin Brands Group will post 2.82 earnings per share for the current year.

Dunkin Brands Group declared that its board has approved a share 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 purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of DNKN. Vaughan Nelson Investment Management L.P. bought a new position in shares of Dunkin Brands Group in the third quarter worth about $43,085,000. HS Management Partners LLC bought a new position in shares of Dunkin Brands Group in the third quarter worth about $17,590,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Dunkin Brands Group by 60.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 640,000 shares of the restaurant operator’s stock worth $33,971,000 after purchasing an additional 240,000 shares during the last quarter. First Manhattan Co. grew its holdings in shares of Dunkin Brands Group by 9.4% in the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after purchasing an additional 137,051 shares during the last quarter. Finally, First Quadrant L P CA bought a new position in shares of Dunkin Brands Group in the fourth quarter worth about $8,308,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.

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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.

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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