Dunkin’ Brands (NASDAQ:DNKN) has been given an average rating of “Hold” by the twenty-one research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $63.83.
Several equities research analysts have recently weighed in on the stock. Wells Fargo decreased their target price on shares of Dunkin’ Brands from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, February 9th. Morgan Stanley decreased their target price on shares of Dunkin’ Brands from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, March 26th. BidaskClub downgraded shares of Dunkin’ Brands from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. BMO Capital Markets set a $64.00 target price on shares of Dunkin’ Brands and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Stephens increased their target price on shares of Dunkin’ Brands from $54.00 to $66.00 and gave the stock a “weight” rating in a research note on Monday, February 5th.
In related news, CEO Nigel Travis sold 57,296 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $63.24, for a total value of $3,623,399.04. Following the completion of the sale, the chief executive officer now owns 327,957 shares in the company, valued at $20,740,000.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard J. Emmett sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $62.84, for a total transaction of $282,780.00. Following the completion of the sale, the insider now owns 16,542 shares of the company’s stock, valued at approximately $1,039,499.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 455,581 shares of company stock valued at $28,320,199. 3.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in DNKN. HS Management Partners LLC lifted its position in Dunkin’ Brands by 78.4% in the fourth quarter. HS Management Partners LLC now owns 591,145 shares of the restaurant operator’s stock valued at $38,111,000 after purchasing an additional 259,750 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Dunkin’ Brands during the 4th quarter valued at approximately $13,251,000. Quantitative Investment Management LLC acquired a new stake in shares of Dunkin’ Brands during the 4th quarter valued at approximately $9,973,000. First Manhattan Co. lifted its position in shares of Dunkin’ Brands by 9.4% during the 4th quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock valued at $103,223,000 after acquiring an additional 137,051 shares during the period. Finally, First Quadrant L P CA acquired a new stake in shares of Dunkin’ Brands during the 4th quarter valued at approximately $8,308,000. Hedge funds and other institutional investors own 97.14% of the company’s stock.
Shares of DNKN stock opened at $60.62 on Thursday. The stock has a market cap of $4,982.43, a price-to-earnings ratio of 24.95, a PEG ratio of 1.70 and a beta of 0.30. Dunkin’ Brands 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 quick ratio of 2.79 and a current ratio of 2.79.
Dunkin’ Brands (NASDAQ:DNKN) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the 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 had a negative return on equity of 190.44% and a net margin of 40.77%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. analysts predict that Dunkin’ Brands will post 2.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 12th were given a $0.3475 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.39 dividend on an annualized basis and a yield of 2.29%. This is an increase from Dunkin’ Brands’s previous quarterly dividend of $0.32. Dunkin’ Brands’s dividend payout ratio (DPR) is presently 57.20%.
About Dunkin’ Brands
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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