Glenmede Trust Co. NA held its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,589 shares of the restaurant operator’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Dunkin’ Brands Group were worth $448,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of DNKN. Russell Investments Group Ltd. acquired a new stake in shares of Dunkin’ Brands Group during the fourth quarter valued at $157,000. US Bancorp DE increased its position in shares of Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in shares of Dunkin’ Brands Group during the first quarter valued at about $204,000. Chicago Equity Partners LLC purchased a new position in shares of Dunkin’ Brands Group during the first quarter valued at about $213,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Dunkin’ Brands Group during the first quarter valued at about $252,000. Institutional investors and hedge funds own 94.31% of the company’s stock.
Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) traded up 3.50% during midday trading on Friday, hitting $54.93. 2,212,597 shares of the company were exchanged. The firm’s 50-day moving average price is $54.64 and its 200-day moving average price is $54.85. Dunkin’ Brands Group, Inc. has a one year low of $44.83 and a one year high of $59.70. The stock has a market capitalization of $5.02 billion, a PE ratio of 24.09 and a beta of 0.21.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $218.50 million during the quarter, compared to analyst estimates of $220.77 million. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. Equities research analysts anticipate that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be issued a $0.3225 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.35%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.
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Several equities analysts recently issued reports on DNKN shares. Maxim Group reissued a “buy” rating on shares of Dunkin’ Brands Group in a report on Monday, April 10th. Zacks Investment Research raised shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, July 17th. Bank of America Corporation reissued a “neutral” rating and set a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. Royal Bank Of Canada raised shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $54.00 to $64.00 in a report on Monday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a report on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.47.
In related news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the transaction, the senior vice president now owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.
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.
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