Wedbush Weighs in on Dunkin Brands Group Inc’s Q1 2018 Earnings (DNKN)

Dunkin Brands Group Inc (NASDAQ:DNKN) – Wedbush dropped their Q1 2018 earnings estimates for Dunkin Brands Group in a report released on Friday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.46. Wedbush currently has a “Hold” rating and a $60.00 price objective on the stock. Wedbush also issued estimates for Dunkin Brands Group’s Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.44 EPS.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $220.54 million. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis.

DNKN has been the topic of a number of other reports. Mizuho lowered shares of Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price objective on the stock. in a research report on Thursday, October 26th. Wells Fargo & Co dropped their target price on shares of Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Friday. BMO Capital Markets set a $58.00 target price on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, October 27th. Cowen restated a “hold” rating and issued a $55.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 27th. Finally, BidaskClub downgraded shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $62.52.

Shares of Dunkin Brands Group (NASDAQ:DNKN) opened at $58.57 on Monday. 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 has a 1 year low of $50.89 and a 1 year high of $68.45. The firm has a market cap of $5,290.00, a PE ratio of 15.37, a P/E/G ratio of 1.43 and a beta of 0.21.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Dunkin Brands Group by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 27,578 shares of the restaurant operator’s stock valued at $1,520,000 after purchasing an additional 476 shares in the last quarter. New Jersey Better Educational Savings Trust boosted its stake in shares of Dunkin Brands Group by 11.1% during the third quarter. New Jersey Better Educational Savings Trust now owns 10,000 shares of the restaurant operator’s stock valued at $531,000 after purchasing an additional 1,000 shares in the last quarter. Parsons Capital Management Inc. RI boosted its stake in shares of Dunkin Brands Group by 1.4% during the third quarter. Parsons Capital Management Inc. RI now owns 72,662 shares of the restaurant operator’s stock valued at $3,857,000 after purchasing an additional 1,025 shares in the last quarter. Comerica Bank boosted its stake in shares of Dunkin Brands Group by 1.3% during the third quarter. Comerica Bank now owns 80,882 shares of the restaurant operator’s stock valued at $4,779,000 after purchasing an additional 1,044 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Dunkin Brands Group by 22.7% during the fourth quarter. US Bancorp DE now owns 6,187 shares of the restaurant operator’s stock valued at $399,000 after purchasing an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th will be paid a dividend of $0.3475 per share. The ex-dividend date is Friday, March 9th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.37%. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 33.86%.

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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.

Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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