Dunkin Brands Group Inc (NASDAQ:DNKN) – Equities researchers at Jefferies Group decreased their Q1 2018 earnings estimates for Dunkin Brands Group in a research report issued to clients and investors on Tuesday. Jefferies Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $0.56 for the quarter, down from their previous estimate of $0.57. Jefferies Group currently has a “Hold” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for Dunkin Brands Group’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.74 EPS and FY2019 earnings at $3.01 EPS.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The company had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.54 million. Dunkin Brands Group had a net margin of 40.77% and a negative return on equity of 190.44%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share.
Several other brokerages have also weighed in on DNKN. Piper Jaffray Companies increased their price objective on shares of Dunkin Brands Group from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, January 4th. Nomura raised their price target on shares of Dunkin Brands Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. William Blair raised shares of Dunkin Brands Group from a “market perform” rating to an “outperform” rating in a research report on Monday, January 22nd. Finally, Maxim Group raised their price target on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Dunkin Brands Group currently has an average rating of “Hold” and a consensus target price of $63.05.
Dunkin Brands Group (DNKN) opened at $62.64 on Friday. The firm has a market cap of $5,550.00, a PE ratio of 27.84, a PEG ratio of 1.82 and a beta of 0.21. Dunkin Brands Group has a 1 year low of $50.89 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a yield of 2.22%. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 9th. Dunkin Brands Group’s dividend payout ratio is presently 57.33%.
Dunkin Brands Group announced that its Board of Directors has initiated a share repurchase program on Thursday, October 26th that permits the company to buyback $650.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other Dunkin Brands Group news, insider William M. Mitchell sold 46,180 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the sale, the insider now directly owns 33,000 shares in the company, valued at $2,022,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in Dunkin Brands Group by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock worth $457,919,000 after buying an additional 21,819 shares in the last quarter. BlackRock Inc. grew its stake in Dunkin Brands Group by 0.7% during the fourth quarter. BlackRock Inc. now owns 7,322,621 shares of the restaurant operator’s stock worth $472,088,000 after buying an additional 51,795 shares in the last quarter. State Street Corp grew its stake in Dunkin Brands Group by 1.6% during the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after buying an additional 36,032 shares in the last quarter. Jackson Square Partners LLC grew its stake in Dunkin Brands Group by 2.7% during the fourth quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock worth $117,223,000 after buying an additional 47,703 shares in the last quarter. Finally, First Manhattan Co. grew its stake in Dunkin Brands Group by 9.4% during the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after buying an additional 137,051 shares in the last quarter. Hedge funds and other institutional investors own 90.57% 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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