Dunkin Brands Group (NASDAQ:DNKN) was upgraded by equities researchers at Jefferies Group from an “underperform” rating to a “hold” rating in a research report issued on Saturday. The brokerage presently has a $56.00 price target on the restaurant operator’s stock, up from their previous price target of $48.00. Jefferies Group’s price target would indicate a potential downside of 13.14% from the company’s previous close.
A number of other brokerages have also recently weighed in on DNKN. Maxim Group restated a “buy” rating and set a $64.00 price objective on shares of Dunkin Brands Group in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Wedbush restated a “hold” rating and set a $56.00 price objective on shares of Dunkin Brands Group in a research note on Friday, October 27th. Robert W. Baird set a $66.00 price objective on shares of Dunkin Brands Group and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, JMP Securities lifted their price objective on shares of Dunkin Brands Group from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $59.37.
Shares of Dunkin Brands Group (NASDAQ DNKN) opened at $64.47 on Friday. Dunkin Brands Group has a one year low of $50.26 and a one year high of $65.73. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. The firm has a market cap of $5,899.89, a PE ratio of 28.15, a P/E/G ratio of 2.03 and a beta of 0.30.
Dunkin Brands Group announced that its board has initiated a stock buyback program on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in Dunkin Brands Group during the 3rd quarter worth about $682,000. Coastline Trust Co acquired a new stake in Dunkin Brands Group during the 3rd quarter worth about $297,000. Griffin Asset Management Inc. acquired a new stake in Dunkin Brands Group during the 3rd quarter worth about $1,986,000. California Public Employees Retirement System grew its stake in Dunkin Brands Group by 10.6% during 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 in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Dunkin Brands Group by 54.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 13,174 shares of the restaurant operator’s stock valued at $699,000 after acquiring an additional 4,670 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
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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.
