Tower Research Capital LLC TRC raised its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 619.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,545 shares of the restaurant operator’s stock after acquiring an additional 7,357 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Dunkin Brands Group were worth $630,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in shares of Dunkin Brands Group during the third quarter worth $225,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Dunkin Brands Group in the third quarter valued at $218,000. Quantbot Technologies LP purchased a new position in Dunkin Brands Group in the third quarter valued at $1,655,000. Virtu Financial LLC purchased a new position in Dunkin Brands Group in the third quarter valued at $430,000. Finally, FDx Advisors Inc. purchased a new position in Dunkin Brands Group in the third quarter valued at $646,000. 94.74% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on DNKN. Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, November 29th. JPMorgan Chase & Co. cut their price objective on shares of Dunkin Brands Group from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, November 14th. TheStreet raised shares of Dunkin Brands Group from a “c+” rating to a “b-” rating in a report on Friday, November 9th. Citigroup lifted their price objective on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, October 30th. Finally, UBS Group set a $76.00 price objective on shares of Dunkin Brands Group and gave the company a “hold” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.22.
In related news, SVP Karen Raskopf sold 13,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $73.36, for a total transaction of $953,680.00. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at $953,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard J. Emmett sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $73.00, for a total transaction of $2,190,000.00. Following the transaction, the insider now owns 43,050 shares in the company, valued at $3,142,650. The disclosure for this sale can be found here. In the last quarter, insiders sold 524,591 shares of company stock worth $38,151,848. Company insiders own 3.00% of the company’s stock.
Shares of NASDAQ DNKN opened at $71.63 on Friday. Dunkin Brands Group Inc has a 52-week low of $56.77 and a 52-week high of $77.13. The stock has a market capitalization of $6.07 billion, a PE ratio of 25.69, a P/E/G ratio of 2.09 and a beta of 0.32.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The business had revenue of $350.01 million for the quarter, compared to analyst estimates of $344.17 million. Sell-side analysts forecast that Dunkin Brands Group Inc will post 2.84 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Monday, November 26th were given a $0.3475 dividend. The ex-dividend date was Friday, November 23rd. This represents a $1.39 annualized dividend and a dividend yield of 1.94%. Dunkin Brands Group’s dividend payout ratio (DPR) is 57.20%.
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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