Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “hold” rating reissued by analysts at Cowen and Company in a research report issued on Friday, September 1st. They currently have a $55.00 price objective on the restaurant operator’s stock. Cowen and Company’s target price would indicate a potential upside of 5.71% from the stock’s current price.
Several other equities analysts have also recently commented on the company. Zacks Investment Research raised 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 reiterated a “neutral” rating and issued a $62.00 price objective (up from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. BMO Capital Markets upped their price objective on Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. BidaskClub lowered Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Argus upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.84 to $68.00 in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.95.
Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded up 1.05% during midday trading on Friday, reaching $52.03. The company’s stock had a trading volume of 1,084,754 shares. The firm has a market capitalization of $4.70 billion, a PE ratio of 22.82 and a beta of 0.23. Dunkin’ Brands Group has a 1-year low of $46.55 and a 1-year high of $59.70. The company’s 50-day moving average price is $52.56 and its 200 day moving average price is $54.72.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities research analysts forecast that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
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In other Dunkin’ Brands Group 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 completion of the transaction, the senior vice president now owns 33,000 shares in the company, valued at approximately $1,742,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DNKN. Janus Henderson Group PLC bought a new position in Dunkin’ Brands Group during the 2nd quarter worth about $474,315,000. BlackRock Inc. increased its holdings in Dunkin’ Brands Group by 13,874.6% during the 1st quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock worth $392,023,000 after purchasing an additional 7,118,061 shares in the last quarter. Janus Capital Management LLC increased its holdings in Dunkin’ Brands Group by 8.4% during the 1st quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after purchasing an additional 754,740 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Dunkin’ Brands Group during the 1st quarter worth about $31,773,000. Finally, JPMorgan Chase & Co. increased its holdings in Dunkin’ Brands Group by 683.5% during the 1st quarter. JPMorgan Chase & Co. now owns 656,641 shares of the restaurant operator’s stock worth $35,905,000 after purchasing an additional 572,837 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.
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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