Dunkin Brands Group (NASDAQ:DNKN) Price Target Raised to $78.00

Dunkin Brands Group (NASDAQ:DNKN) had its target price boosted by Wells Fargo & Co from $68.00 to $78.00 in a research report released on Monday morning, The Fly reports. Wells Fargo & Co currently has a market perform rating on the restaurant operator’s stock.

Several other research analysts have also issued reports on the stock. Credit Suisse Group assumed coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They issued a neutral rating on the stock. UBS Group set a $125.00 target price on shares of Caterpillar and gave the company a sell rating in a research note on Friday, May 3rd. Oppenheimer set a $15.00 target price on shares of Strongbridge Biopharma and gave the company a buy rating in a research note on Tuesday, March 26th. Wedbush set a $18.00 target price on shares of Catabasis Pharmaceuticals and gave the company a buy rating in a research note on Monday, June 24th. Finally, Maxim Group reaffirmed a hold rating on shares of Westamerica Bancorporation in a research note on Monday, April 22nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $74.00.

DNKN opened at $81.37 on Monday. The firm has a market cap of $6.69 billion, a PE ratio of 27.45, a PEG ratio of 2.51 and a beta of 0.48. Dunkin Brands Group has a 1-year low of $61.69 and a 1-year high of $83.22. The company has a 50-day moving average of $79.40.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The firm had revenue of $319.10 million during the quarter, compared to analysts’ expectations of $312.38 million. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. Equities research analysts expect that Dunkin Brands Group will post 2.99 earnings per share for the current fiscal year.

In related news, insider John L. Clare sold 8,367 shares of Dunkin Brands Group stock in a transaction that occurred 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 transaction, the insider now owns 29,412 shares of the company’s stock, valued at approximately $2,205,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Katherine D. Jaspon sold 4,894 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $74.94, for a total transaction of $366,756.36. Following the transaction, the chief financial officer now directly owns 6,674 shares in the company, valued at approximately $500,149.56. The disclosure for this sale can be found here. Insiders have sold a total of 54,641 shares of company stock worth $4,077,689 in the last three months. 1.70% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DNKN. NEXT Financial Group Inc acquired a new stake in shares of Dunkin Brands Group in the second quarter valued at approximately $54,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Dunkin Brands Group by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,808 shares of the restaurant operator’s stock valued at $2,613,000 after purchasing an additional 472 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Dunkin Brands Group by 454.7% in the second quarter. AdvisorNet Financial Inc now owns 821 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 673 shares during the last quarter. Northstar Group Inc. raised its holdings in shares of Dunkin Brands Group by 3.9% in the second quarter. Northstar Group Inc. now owns 11,928 shares of the restaurant operator’s stock valued at $950,000 after purchasing an additional 444 shares during the last quarter. Finally, 6 Meridian raised its holdings in shares of Dunkin Brands Group by 1.8% in the second quarter. 6 Meridian now owns 7,177 shares of the restaurant operator’s stock valued at $572,000 after purchasing an additional 126 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors and hedge funds.

About Dunkin Brands Group

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: Capital Gains

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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