BB&T Securities LLC purchased a new stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,998 shares of the restaurant operator’s stock, valued at approximately $220,000.
Several other hedge funds have also made changes to their positions in DNKN. Russell Investments Group Ltd. lifted its stake in shares of Dunkin’ Brands Group by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after buying an additional 109 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Dunkin’ Brands Group by 12.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 336 shares in the last quarter. US Bancorp DE lifted its stake in Dunkin’ Brands Group by 1.8% in the 1st quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 63 shares in the last quarter. Boston Advisors LLC purchased a new stake in Dunkin’ Brands Group in the 2nd quarter worth approximately $202,000. Finally, OppenheimerFunds Inc. purchased a new stake in Dunkin’ Brands Group in the 1st quarter worth approximately $204,000. Institutional investors own 92.77% of the company’s stock.
Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at 51.49 on Friday. Dunkin’ Brands Group, Inc. has a 52-week low of $46.55 and a 52-week high of $59.70. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.58 and a beta of 0.23. The firm has a 50 day moving average of $52.60 and a 200-day moving average of $54.75.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million for the quarter, compared to analyst estimates of $220.77 million. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. Dunkin’ Brands Group’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were paid a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, August 24th. Dunkin’ Brands Group’s payout ratio is currently 56.33%.
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In related news, SVP Karen Raskopf sold 33,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, the senior vice president now directly owns 33,000 shares in the company, valued at $1,742,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by company insiders.
Several analysts have recently weighed in on the stock. JMP Securities raised 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 report on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a research report on Wednesday, September 6th. Cowen and Company restated a “hold” rating and set a $55.00 price objective on shares of Dunkin’ Brands Group in a research report on Friday, September 1st. BidaskClub raised shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.95.
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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