Dunkin Brands Group (NASDAQ:DNKN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
A number of other equities research analysts have also recently commented on DNKN. Maxim Group lifted their target price on 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 Dunkin Brands Group from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $48.00 to $56.00 in a research note on Saturday, December 30th. Zacks Investment Research cut Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Wedbush reiterated a “hold” rating and set a $56.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 27th. Finally, Cowen reiterated a “hold” rating and set a $55.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) traded up $1.19 during midday trading on Tuesday, hitting $64.39. The stock had a trading volume of 579,165 shares, compared to its average volume of 715,570. The company has a market cap of $5,708.41, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.30. Dunkin Brands Group has a 12 month low of $50.54 and a 12 month high of $66.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The firm had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. Dunkin Brands Group’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. equities research analysts forecast that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.
Dunkin Brands Group announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that permits the company to repurchase $650.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC bought a new stake in Dunkin Brands Group in the 2nd quarter valued at about $104,000. FNY Partners Fund LP raised its stake in Dunkin Brands Group by 13,233.3% in the 2nd quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 1,985 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dunkin Brands Group by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after acquiring an additional 259 shares during the period. Moon Capital Management LLC bought a new stake in Dunkin Brands Group in the 4th quarter valued at about $193,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Dunkin Brands Group in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
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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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