Glenmede Trust Co. NA held its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DNKN. Russell Investments Group Ltd. purchased a new stake in Dunkin’ Brands Group during the fourth quarter worth $157,000. US Bancorp DE boosted its stake in Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after buying an additional 63 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in Dunkin’ Brands Group during the first quarter worth $204,000. Chicago Equity Partners LLC purchased a new stake in Dunkin’ Brands Group during the first quarter worth $213,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Dunkin’ Brands Group during the first quarter worth $252,000. Institutional investors and hedge funds own 94.25% of the company’s stock.
Dunkin’ Brands Group, Inc. (DNKN) opened at 54.23 on Wednesday. The firm’s 50-day moving average is $56.73 and its 200-day moving average is $54.69. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 24.43 and a beta of 0.22. Dunkin’ Brands Group, Inc. has a 52-week low of $43.81 and a 52-week high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The business had revenue of $190.70 million during the quarter, compared to the consensus estimate of $192.36 million. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. Analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Monday, June 5th were issued a $0.3225 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, June 1st. Dunkin’ Brands Group’s payout ratio is currently 57.85%.
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A number of analysts have recently weighed in on the stock. Bank of America Corporation restated a “neutral” rating and issued a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. Maxim Group restated a “buy” rating on shares of Dunkin’ Brands Group in a report on Monday, April 10th. Cowen and Company restated a “market perform” rating on shares of Dunkin’ Brands Group in a report on Friday, March 24th. Barclays PLC raised their price target on shares of Dunkin’ Brands Group from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, May 31st. Finally, Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and raised their price target for the company from $58.84 to $68.00 in a report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.59.
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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