Dunkin Brands Group (NASDAQ:DNKN) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a sell rating to a hold rating in a research note issued to investors on Friday, February 16th.

Several other research firms have also recently issued reports on DNKN. Piper Jaffray Companies raised their target price on Dunkin Brands Group from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday, January 29th. Zacks Investment Research raised Dunkin Brands Group from a hold rating to a buy rating and set a $74.00 target price for the company in a research note on Thursday, January 4th. Nomura raised their price target on Dunkin Brands Group from $52.00 to $55.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Jefferies Group upgraded Dunkin Brands Group from an underperform rating to a hold rating and raised their price target for the stock from $48.00 to $56.00 in a research report on Friday, December 22nd. Finally, William Blair upgraded Dunkin Brands Group from a market perform rating to an outperform rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $63.20.

Dunkin Brands Group (NASDAQ:DNKN) traded down $0.44 during mid-day trading on Friday, reaching $59.30. The company’s stock had a trading volume of 1,098,795 shares, compared to its average volume of 1,370,000. The company has a debt-to-equity ratio of 361.71, a quick ratio of 2.79 and a current ratio of 2.79. The firm has a market capitalization of $4,880.00, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.67 and a beta of 0.29. Dunkin Brands Group has a one year low of $50.89 and a one year high of $68.45.

Dunkin Brands Group (NASDAQ:DNKN) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The company 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 firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. analysts predict that Dunkin Brands Group will post 2.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Friday, March 9th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a yield of 2.34%. Dunkin Brands Group’s dividend payout ratio (DPR) is 61.78%.

In related news, insider John L. Clare sold 13,388 shares of Dunkin Brands Group stock in a transaction on Monday, February 26th. The stock was sold at an average price of $62.02, for a total value of $830,323.76. Following the completion of the transaction, the insider now directly owns 29,772 shares in the company, valued at $1,846,459.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nigel Travis sold 57,296 shares of Dunkin Brands Group stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $63.24, for a total value of $3,623,399.04. Following the completion of the transaction, the chief executive officer now owns 327,957 shares of the company’s stock, valued at $20,740,000.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 455,581 shares of company stock valued at $28,320,199. 3.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in Dunkin Brands Group by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock worth $457,919,000 after buying an additional 21,819 shares during the last quarter. BlackRock Inc. lifted its holdings in Dunkin Brands Group by 0.7% during the 4th quarter. BlackRock Inc. now owns 7,322,621 shares of the restaurant operator’s stock worth $472,088,000 after buying an additional 51,795 shares during the last quarter. State Street Corp lifted its holdings in Dunkin Brands Group by 1.6% during the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after buying an additional 36,032 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in Dunkin Brands Group by 2.7% during the 4th quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock worth $117,223,000 after buying an additional 47,703 shares during the last quarter. Finally, First Manhattan Co. lifted its holdings in Dunkin Brands Group by 9.4% during the 4th quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after buying an additional 137,051 shares during the last quarter. 97.85% of the stock is owned by institutional investors.

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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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