Dunkin Brands Group (DNKN) Given a $64.00 Price Target at BMO Capital Markets

Dunkin Brands Group (NASDAQ:DNKN) received a $64.00 price target from analysts at BMO Capital Markets in a research note issued on Friday. The firm currently has a “hold” rating on the restaurant operator’s stock. BMO Capital Markets’ target price points to a potential downside of 0.61% from the company’s previous close.

Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Thursday, January 4th. Maxim Group boosted their price objective on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Jefferies Group upgraded shares of Dunkin Brands Group from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $48.00 to $56.00 in a research note on Saturday, December 30th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $68.00 price objective (up previously from $61.00) on shares of Dunkin Brands Group in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.79.

Shares of Dunkin Brands Group (NASDAQ DNKN) opened at $64.39 on Friday. Dunkin Brands Group has a twelve month low of $50.54 and a twelve month high of $66.44. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $5,708.41, a PE ratio of 28.12, a PEG ratio of 1.61 and a beta of 0.30.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. During the same period in the prior year, the company posted $0.60 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. sell-side analysts expect that Dunkin Brands Group will post 2.42 earnings per share for the current year.

Dunkin Brands Group announced that its board has authorized a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Dunkin Brands Group by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock worth $457,919,000 after purchasing an additional 21,819 shares during the last quarter. BlackRock Inc. grew its position in Dunkin Brands Group by 1.4% during the 2nd quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock worth $400,787,000 after purchasing an additional 101,819 shares during the last quarter. Vanguard Group Inc. grew its position in Dunkin Brands Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock worth $400,478,000 after purchasing an additional 103,573 shares during the last quarter. State Street Corp grew its position in Dunkin Brands Group by 1.6% during the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after purchasing an additional 36,032 shares during the last quarter. Finally, Jackson Square Partners LLC grew its position in Dunkin Brands Group by 2.9% during the 3rd quarter. Jackson Square Partners LLC now owns 1,770,558 shares of the restaurant operator’s stock worth $93,981,000 after purchasing an additional 50,204 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

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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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