Bridgewater Associates LP bought a new stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) in the third quarter, Holdings Channel reports. The fund bought 2,745 shares of the restaurant operator’s stock, valued at approximately $202,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Smithfield Trust Co. lifted its stake in Dunkin Brands Group by 2,018.5% in the third quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 1,312 shares during the period. First Hawaiian Bank purchased a new stake in Dunkin Brands Group in the third quarter worth about $110,000. Fort L.P. purchased a new stake in Dunkin Brands Group in the second quarter worth about $123,000. Advisors Preferred LLC lifted its stake in Dunkin Brands Group by 797.1% in the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 1,650 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in Dunkin Brands Group in the third quarter worth about $169,000. 94.74% of the stock is owned by hedge funds and other institutional investors.
In other Dunkin Brands Group news, insider Richard J. Emmett sold 51,054 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $72.24, for a total value of $3,688,140.96. Following the completion of the transaction, the insider now directly owns 64,104 shares in the company, valued at $4,630,872.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard J. Emmett sold 45,000 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $73.91, for a total transaction of $3,325,950.00. Following the completion of the transaction, the insider now owns 38,208 shares of the company’s stock, valued at $2,823,953.28. The disclosure for this sale can be found here. Insiders sold 524,591 shares of company stock valued at $38,151,848 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.
Shares of Dunkin Brands Group stock opened at $71.63 on Friday. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.08 and a beta of 0.32. Dunkin Brands Group Inc has a one year low of $56.77 and a one year high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.10. The business had revenue of $350.01 million during the quarter, compared to the consensus estimate of $344.17 million. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. On average, equities analysts predict that Dunkin Brands Group Inc will post 2.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Monday, November 26th were issued a $0.3475 dividend. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 1.94%. Dunkin Brands Group’s dividend payout ratio is presently 57.20%.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. UBS Group set a $76.00 price objective on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, October 26th. Citigroup upped their price objective on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, October 30th. KeyCorp assumed coverage on shares of Dunkin Brands Group in a research note on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Finally, Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.22.
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Dunkin Brands Group 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.
Further Reading: Asset Allocation
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