Dunkin Brands Group (DNKN) Downgraded by TheStreet

TheStreet downgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a b rating to a c+ rating in a research note released on Thursday.

A number of other equities research analysts have also issued reports on DNKN. Zacks Investment Research raised Dunkin Brands Group from a hold rating to a buy rating and set a $78.00 target price on the stock in a research report on Wednesday, June 27th. KeyCorp assumed coverage on Dunkin Brands Group in a research report on Wednesday, October 3rd. They set a sector weight rating on the stock. BMO Capital Markets boosted their target price on Dunkin Brands Group from $69.00 to $78.00 and gave the stock an outperform rating in a research report on Friday, July 27th. Piper Jaffray Companies reaffirmed a neutral rating and set a $70.00 target price (up from $62.00) on shares of Dunkin Brands Group in a research report on Tuesday, June 26th. Finally, Citigroup boosted their price objective on Dunkin Brands Group from $74.00 to $80.00 and gave the stock a buy rating in a report on Tuesday, June 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $67.77.

NASDAQ DNKN opened at $71.33 on Thursday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 2.18 and a beta of 0.35. Dunkin Brands Group has a 1 year low of $53.68 and a 1 year high of $77.13. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of -3.72.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $350.64 million for the quarter, compared to analysts’ expectations of $343.38 million. Dunkin Brands Group had a negative return on equity of 50.62% and a net margin of 32.48%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, analysts anticipate that Dunkin Brands Group will post 2.72 EPS for the current year.

In other news, SVP Jason Maceda sold 7,103 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $71.89, for a total value of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares in the company, valued at approximately $271,097.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Katherine D. Jaspon sold 8,300 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $70.92, for a total value of $588,636.00. Following the completion of the transaction, the chief financial officer now owns 10,715 shares in the company, valued at approximately $759,907.80. The disclosure for this sale can be found here. Insiders have sold 739,693 shares of company stock worth $51,896,387 over the last three months. 3.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fort L.P. acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $123,000. Advisors Preferred LLC increased its stake in Dunkin Brands Group by 797.1% in the 2nd quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 1,650 shares during the period. GAM Holding AG acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $200,000. Flagship Harbor Advisors LLC acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $201,000. Finally, CIBC Asset Management Inc acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $202,000. Institutional investors own 99.25% 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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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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