BidaskClub cut shares of Dunkin Brands Group (NASDAQ:DNKN) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.
A number of other brokerages also recently commented on DNKN. ValuEngine raised shares of Dunkin Brands Group from a hold rating to a buy rating in a research report on Thursday, April 26th. BTIG Research reaffirmed a hold rating on shares of Dunkin Brands Group in a research report on Sunday, April 29th. Barclays boosted their price objective on shares of Dunkin Brands Group from $70.00 to $73.00 and gave the company an overweight rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded shares of Dunkin Brands Group from a hold rating to a sell rating in a research report on Wednesday, April 18th. Finally, Piper Jaffray Companies reaffirmed a neutral rating and set a $70.00 price objective (up from $62.00) on shares of Dunkin Brands Group in a research report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $66.00.
Dunkin Brands Group stock opened at $69.00 on Tuesday. The company has a market capitalization of $5.69 billion, a PE ratio of 28.40, a PEG ratio of 2.00 and a beta of 0.34. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of -3.54. Dunkin Brands Group has a fifty-two week low of $50.89 and a fifty-two week high of $70.55.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. Dunkin Brands Group had a net margin of 36.40% and a negative return on equity of 75.12%. The firm had revenue of $301.30 million for the quarter, compared to the consensus estimate of $303.72 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. equities research analysts predict that Dunkin Brands Group will post 2.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 29th were paid a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, May 25th. Dunkin Brands Group’s payout ratio is 57.20%.
In related news, CEO Nigel Travis sold 60,000 shares of the company’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $62.16, for a total transaction of $3,729,600.00. Following the completion of the transaction, the chief executive officer now directly owns 308,254 shares in the company, valued at approximately $19,161,068.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Katherine D. Jaspon sold 1,530 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $64.84, for a total transaction of $99,205.20. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its stake in Dunkin Brands Group by 91.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,239 shares of the restaurant operator’s stock valued at $193,000 after purchasing an additional 1,551 shares during the last quarter. First National Bank of Omaha acquired a new position in Dunkin Brands Group during the 1st quarter valued at $204,000. High Falls Advisors Inc acquired a new position in Dunkin Brands Group during the 4th quarter valued at $208,000. Element Capital Management LLC acquired a new position in Dunkin Brands Group during the 1st quarter valued at $225,000. Finally, Quantbot Technologies LP acquired a new position in Dunkin Brands Group during the 1st quarter valued at $232,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.
Dunkin Brands Group Company Profile
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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