Dunkin Brands Group (NASDAQ:DNKN) PT Raised to $75.00

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Dunkin Brands Group (NASDAQ:DNKN) had its price objective boosted by analysts at Credit Suisse Group from $67.00 to $75.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Credit Suisse Group’s target price would suggest a potential upside of 9.12% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group boosted their price objective on Dunkin Brands Group from $48.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. KeyCorp reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dunkin Brands Group in a report on Monday, July 27th. Piper Sandler upped their price target on Dunkin Brands Group from $52.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Cfra reduced their price target on Dunkin Brands Group from $80.00 to $68.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Finally, UBS Group upped their price target on Dunkin Brands Group from $66.00 to $71.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Seventeen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $74.86.

Dunkin Brands Group stock opened at $68.73 on Friday. The business’s 50-day simple moving average is $66.07 and its two-hundred day simple moving average is $65.61. The company has a market cap of $5.64 billion, a PE ratio of 26.23, a PEG ratio of 2.23 and a beta of 0.90. Dunkin Brands Group has a fifty-two week low of $38.51 and a fifty-two week high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $287.40 million during the quarter, compared to analysts’ expectations of $275.52 million. Dunkin Brands Group had a negative return on equity of 38.22% and a net margin of 16.79%. The company’s revenue for the quarter was down 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. Analysts expect that Dunkin Brands Group will post 2.6 EPS for the current fiscal year.

In other news, CFO Katherine D. Jaspon sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total value of $462,000.00. Following the completion of the sale, the chief financial officer now directly owns 12,730 shares in the company, valued at $840,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of DNKN. Amundi Pioneer Asset Management Inc. grew its position in Dunkin Brands Group by 53.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 191,380 shares of the restaurant operator’s stock worth $14,372,000 after acquiring an additional 66,737 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Dunkin Brands Group by 12.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,661 shares of the restaurant operator’s stock valued at $1,214,000 after acquiring an additional 1,821 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Dunkin Brands Group by 3.5% in the fourth quarter. Alliancebernstein L.P. now owns 154,217 shares of the restaurant operator’s stock valued at $11,650,000 after acquiring an additional 5,234 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dunkin Brands Group by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 1,009,437 shares of the restaurant operator’s stock valued at $76,252,000 after acquiring an additional 46,068 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $9,461,000. Institutional investors own 86.33% of the company’s stock.

About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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