Dunkin Brands Group Inc (NASDAQ:DNKN)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $78.35 and traded as low as $80.61. Dunkin Brands Group shares last traded at $80.93, with a volume of 13,714 shares traded.
DNKN has been the subject of several recent research reports. Evercore ISI initiated coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective for the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of in a research report on Friday, June 28th. BMO Capital Markets set a C$4.50 price objective on shares of Exfo in a research report on Wednesday, April 3rd. Wedbush set a $18.00 price objective on shares of Catabasis Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, BidaskClub raised shares of Winmark from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $73.42.
The business’s fifty day simple moving average is $78.35. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.48.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $319.10 million during the quarter, compared to analyst estimates of $312.38 million. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. Equities research analysts forecast that Dunkin Brands Group Inc will post 3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, June 3rd were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, May 31st. Dunkin Brands Group’s payout ratio is 51.72%.
In other Dunkin Brands Group news, insider John L. Clare sold 8,367 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $627,525.00. Following the completion of the transaction, the insider now directly owns 29,412 shares of the company’s stock, valued at approximately $2,205,900. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott Murphy sold 29,709 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $74.51, for a total transaction of $2,213,617.59. Following the transaction, the chief operating officer now directly owns 11,882 shares of the company’s stock, valued at $885,327.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,641 shares of company stock valued at $4,077,689. Company insiders own 1.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DNKN. Semmax Financial Advisors Inc. grew its holdings in Dunkin Brands Group by 525.9% during the 1st quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 305 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Dunkin Brands Group in the 1st quarter worth about $29,000. Penserra Capital Management LLC bought a new position in shares of Dunkin Brands Group in the 1st quarter worth about $38,000. Bremer Bank National Association bought a new position in shares of Dunkin Brands Group in the 1st quarter worth about $41,000. Finally, Advisory Services Network LLC lifted its position in shares of Dunkin Brands Group by 24.4% in the 4th quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock worth $48,000 after buying an additional 148 shares during the last quarter. 88.99% of the stock is owned by institutional investors.
Dunkin Brands Group Company Profile (NASDAQ:DNKN)
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
Further Reading: Green Investing
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