M&T Bank Corp Trims Stock Position in Dunkin Brands Group Inc (NASDAQ:DNKN)

M&T Bank Corp lessened its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,360 shares of the restaurant operator’s stock after selling 1,431 shares during the quarter. M&T Bank Corp’s holdings in Dunkin Brands Group were worth $825,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Dunkin Brands Group by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 580,297 shares of the restaurant operator’s stock worth $37,207,000 after acquiring an additional 10,707 shares during the period. Geode Capital Management LLC grew its stake in shares of Dunkin Brands Group by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock worth $53,868,000 after purchasing an additional 53,768 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Dunkin Brands Group by 75.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,081 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 2,184 shares during the period. Rhumbline Advisers increased its holdings in shares of Dunkin Brands Group by 0.3% during the 1st quarter. Rhumbline Advisers now owns 222,282 shares of the restaurant operator’s stock valued at $16,693,000 after purchasing an additional 600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Dunkin Brands Group by 51.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 38,084 shares of the restaurant operator’s stock valued at $2,861,000 after purchasing an additional 12,984 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Shares of DNKN stock traded down $0.21 on Wednesday, reaching $79.34. 4,132 shares of the company were exchanged, compared to its average volume of 536,829. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 2.43 and a beta of 0.45. The business has a 50-day moving average price of $81.87 and a 200 day moving average price of $77.33. Dunkin Brands Group Inc has a 1 year low of $61.69 and a 1 year high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $359.30 million during the quarter, compared to the consensus estimate of $360.32 million. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. Analysts anticipate that Dunkin Brands Group Inc will post 3.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.89%. Dunkin Brands Group’s payout ratio is currently 51.72%.

A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a report on Tuesday. Argus raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Wednesday, August 7th. Citigroup lifted their price objective on shares of Dunkin Brands Group from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Wells Fargo & Co upped their price objective on shares of Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Finally, Credit Suisse Group began coverage on shares of Dunkin Brands Group in a research note on Tuesday, June 25th. They set an “underperform” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $78.11.

In other news, Director Nigel Travis sold 25,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $82.53, for a total transaction of $2,063,250.00. Following the completion of the sale, the director now owns 172,624 shares of the company’s stock, valued at $14,246,658.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John L. Clare sold 12,577 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $80.60, for a total transaction of $1,013,706.20. Following the completion of the sale, the insider now owns 33,622 shares of the company’s stock, valued at $2,709,933.20. The disclosure for this sale can be found here. Insiders have sold 124,077 shares of company stock valued at $10,123,627 in the last three months. Insiders own 1.70% of the company’s stock.

Dunkin Brands Group Profile

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.

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Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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