Maxim Group Reaffirms “Buy” Rating for Dunkin’ Brands Group, Inc. (DNKN)

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a note issued to investors on Tuesday, October 17th. They presently have a $64.00 target price on the restaurant operator’s stock. Maxim Group’s price target would indicate a potential upside of 9.46% from the company’s current price.

A number of other analysts also recently commented on DNKN. Zacks Investment Research upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, July 17th. BidaskClub downgraded Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Stephens restated an “equal weight” rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. Finally, BMO Capital Markets upped their target price on Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.58.

Dunkin’ Brands Group (NASDAQ DNKN) traded down $0.49 during trading on Tuesday, reaching $58.47. The company’s stock had a trading volume of 697,192 shares, compared to its average volume of 1,967,497. Dunkin’ Brands Group has a twelve month low of $46.55 and a twelve month high of $60.66. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of -13.72. The stock has a market cap of $5,321.96, a P/E ratio of 24.26, a PEG ratio of 1.83 and a beta of 0.30.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The company had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $214.60 million. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. analysts expect that Dunkin’ Brands Group will post 2.42 EPS for the current fiscal year.

Dunkin’ Brands Group announced that its board has approved a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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Several large investors have recently bought and sold shares of DNKN. IHT Wealth Management LLC acquired a new stake in shares of Dunkin’ Brands Group in the second quarter valued at approximately $104,000. FNY Partners Fund LP increased its holdings in shares of Dunkin’ Brands Group by 13,233.3% in the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 1,985 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Dunkin’ Brands Group by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after purchasing an additional 109 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Dunkin’ Brands Group by 12.1% in the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after purchasing an additional 336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dunkin’ Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after purchasing an additional 259 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Dunkin` Brands Group (NASDAQ:DNKN)

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