Amalgamated Bank boosted its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,966 shares of the restaurant operator’s stock after purchasing an additional 972 shares during the quarter. Amalgamated Bank’s holdings in Dunkin Brands Group were worth $1,223,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Griffin Asset Management Inc. purchased a new stake in Dunkin Brands Group during the 3rd quarter worth about $1,986,000. California Public Employees Retirement System increased its holdings in shares of Dunkin Brands Group by 10.6% in the 3rd quarter. California Public Employees Retirement System now owns 180,320 shares of the restaurant operator’s stock valued at $9,571,000 after acquiring an additional 17,320 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Dunkin Brands Group by 1.7% in the 3rd quarter. Nationwide Fund Advisors now owns 183,364 shares of the restaurant operator’s stock valued at $9,733,000 after acquiring an additional 3,120 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Dunkin Brands Group by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 74,960 shares of the restaurant operator’s stock valued at $3,978,000 after acquiring an additional 2,998 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Dunkin Brands Group by 20.1% in the 3rd quarter. New York State Common Retirement Fund now owns 444,841 shares of the restaurant operator’s stock valued at $23,612,000 after acquiring an additional 74,600 shares during the last quarter. Institutional investors own 97.85% of the company’s stock.
In other Dunkin Brands Group news, insider William M. Mitchell sold 46,180 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the completion of the sale, the insider now directly owns 33,000 shares of the company’s stock, valued at approximately $2,022,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Murphy sold 4,750 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $61.83, for a total value of $293,692.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,581 shares of company stock valued at $28,320,199. Insiders own 3.10% of the company’s stock.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The firm had revenue of $227.10 million during the quarter, compared to analysts’ expectations of $220.54 million. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. research analysts anticipate that Dunkin Brands Group Inc will post 2.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be given a $0.3475 dividend. The ex-dividend date is Friday, March 9th. This is a boost 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 2.31%. Dunkin Brands Group’s dividend payout ratio is 57.33%.
A number of research analysts have recently commented on DNKN shares. William Blair upgraded Dunkin Brands Group from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. BMO Capital Markets set a $64.00 price objective on Dunkin Brands Group and gave the company a “hold” rating in a report on Friday, January 12th. Zacks Investment Research upgraded Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, January 4th. Credit Suisse Group reiterated a “buy” rating and issued a $68.00 price objective (up previously from $61.00) on shares of Dunkin Brands Group in a report on Thursday, December 21st. Finally, Jefferies Group upgraded Dunkin Brands Group from an “underperform” rating to a “hold” rating and increased their price objective for the company from $48.00 to $56.00 in a report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Dunkin Brands Group presently has an average rating of “Hold” and an average price target of $63.20.
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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