Fred Alger Management Inc. increased its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,043 shares of the restaurant operator’s stock after purchasing an additional 2,967 shares during the period. Fred Alger Management Inc.’s holdings in Dunkin Brands Group were worth $3,935,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of DNKN. Cerebellum GP LLC bought a new position in shares of Dunkin Brands Group in the fourth quarter worth $117,000. Aevitas Wealth Management Inc. bought a new position in shares of Dunkin Brands Group in the fourth quarter worth $130,000. Capital Analysts LLC bought a new position in shares of Dunkin Brands Group in the fourth quarter worth $134,000. SeaCrest Wealth Management LLC bought a new position in shares of Dunkin Brands Group in the fourth quarter worth $135,000. Finally, Aviance Capital Management LLC bought a new position in shares of Dunkin Brands Group in the fourth quarter worth $169,000. Institutional investors own 97.85% of the company’s stock.
In other news, insider John L. Clare sold 13,388 shares of Dunkin Brands Group stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $62.02, for a total transaction of $830,323.76. Following the sale, the insider now directly owns 29,772 shares of the company’s stock, valued at $1,846,459.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nigel Travis sold 205,665 shares of Dunkin Brands Group stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $62.02, for a total value of $12,755,343.30. Following the sale, the chief executive officer now directly owns 419,333 shares in the company, valued at $26,007,032.66. The disclosure for this sale can be found here. Insiders have sold 455,581 shares of company stock worth $28,320,199 over the last three months. Insiders own 3.10% of the company’s stock.
A number of research analysts have issued reports on the company. Wells Fargo & Co decreased their target price on Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, February 9th. BidaskClub cut Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. BMO Capital Markets set a $64.00 target price on Dunkin Brands Group and gave the company a “hold” rating in a research report on Friday, January 12th. Stephens lifted their target price on Dunkin Brands Group from $54.00 to $66.00 and gave the company a “weight” rating in a research report on Monday, February 5th. Finally, Wedbush reiterated a “hold” rating and issued a $60.00 target price on shares of Dunkin Brands Group in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.20.
Shares of Dunkin Brands Group Inc (NASDAQ DNKN) opened at $60.21 on Tuesday. Dunkin Brands Group Inc has a 12 month low of $50.89 and a 12 month high of $68.45. The company has a market capitalization of $4,975.78, a PE ratio of 24.89, a PEG ratio of 1.67 and a beta of 0.29. The company has a debt-to-equity ratio of 361.71, a quick ratio of 2.79 and a current ratio of 2.79.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The firm had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.54 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. sell-side analysts anticipate that Dunkin Brands Group Inc will post 2.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders 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 dividend yield of 2.31%. This is a positive change 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 (DPR) is presently 36.48%.
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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.
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