$343.97 Million in Sales Expected for Dunkin Brands Group Inc (DNKN) This Quarter

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Wall Street brokerages expect Dunkin Brands Group Inc (NASDAQ:DNKN) to report sales of $343.97 million for the current quarter, Zacks reports. Six analysts have made estimates for Dunkin Brands Group’s earnings, with estimates ranging from $338.17 million to $354.01 million. Dunkin Brands Group reported sales of $224.20 million during the same quarter last year, which indicates a positive year over year growth rate of 53.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Dunkin Brands Group will report full year sales of $1.32 billion for the current year, with estimates ranging from $1.31 billion to $1.34 billion. For the next year, analysts anticipate that the business will report sales of $1.37 billion per share, with estimates ranging from $1.35 billion to $1.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $350.64 million during the quarter, compared to analysts’ expectations of $343.38 million. Dunkin Brands Group had a negative return on equity of 50.62% and a net margin of 32.48%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS.

A number of research firms have commented on DNKN. Royal Bank of Canada cut Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price target for the company. in a research note on Friday, September 14th. They noted that the move was a valuation call. BidaskClub raised Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Jefferies Financial Group restated a “hold” rating and issued a $65.00 target price on shares of Dunkin Brands Group in a research note on Friday, July 13th. Bank of America lifted their price target on Dunkin Brands Group from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, June 14th. Finally, Morgan Stanley lifted their price target on Dunkin Brands Group from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.50.

Shares of NASDAQ DNKN traded up $0.24 during mid-day trading on Tuesday, reaching $74.37. 14,046 shares of the company were exchanged, compared to its average volume of 629,624. The company has a debt-to-equity ratio of -3.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $6.20 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 2.19 and a beta of 0.36. Dunkin Brands Group has a 1 year low of $52.35 and a 1 year high of $77.13.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 27th were given a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, August 24th. Dunkin Brands Group’s payout ratio is 57.20%.

In other news, CFO Katherine D. Jaspon sold 8,300 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $70.92, for a total transaction of $588,636.00. Following the transaction, the chief financial officer now directly owns 10,715 shares in the company, valued at approximately $759,907.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jason Maceda sold 7,103 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $71.89, for a total transaction of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares in the company, valued at $271,097.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 739,693 shares of company stock worth $51,896,387. Corporate insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in Dunkin Brands Group in the first quarter worth $2,870,000. Massachusetts Financial Services Co. MA lifted its position in Dunkin Brands Group by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 186,764 shares of the restaurant operator’s stock worth $11,148,000 after acquiring an additional 790 shares during the last quarter. Swiss National Bank lifted its position in Dunkin Brands Group by 2.6% during the 1st quarter. Swiss National Bank now owns 157,200 shares of the restaurant operator’s stock worth $9,383,000 after acquiring an additional 4,000 shares during the last quarter. Aperio Group LLC lifted its position in Dunkin Brands Group by 3.9% during the 1st quarter. Aperio Group LLC now owns 26,377 shares of the restaurant operator’s stock worth $1,574,000 after acquiring an additional 990 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Dunkin Brands Group by 24.6% during the first quarter. US Bancorp DE now owns 7,712 shares of the restaurant operator’s stock valued at $460,000 after buying an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

Dunkin Brands Group Company Profile

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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