A number of other research firms also recently commented on DNKN. Maxim Group set a $79.00 target price on shares of Dunkin Brands Group and gave the stock a hold rating in a report on Thursday, September 12th. Credit Suisse Group initiated coverage on shares of Dunkin Brands Group in a report on Tuesday, June 25th. They issued an underperform rating and a $70.00 target price on the stock. ValuEngine downgraded shares of Dunkin Brands Group from a buy rating to a hold rating in a report on Thursday, September 26th. Argus upgraded shares of Dunkin Brands Group from a hold rating to a buy rating and set a $92.00 target price on the stock in a report on Wednesday, August 7th. Finally, Goldman Sachs Group initiated coverage on shares of Dunkin Brands Group in a report on Monday, July 29th. They issued a neutral rating and a $85.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $78.63.
DNKN stock opened at $77.70 on Tuesday. Dunkin Brands Group has a 52 week low of $61.69 and a 52 week high of $84.74. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.55 and a beta of 0.45. The firm’s 50-day moving average is $80.28 and its two-hundred day moving average is $78.43.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The company had revenue of $359.30 million for the quarter, compared to the consensus estimate of $360.32 million. During the same period in the previous year, the firm earned $0.77 EPS. Dunkin Brands Group’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dunkin Brands Group will post 3.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, September 3rd were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, August 30th. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 51.72%.
In other news, SVP John Varughese sold 4,000 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.43, for a total value of $333,720.00. Following the transaction, the senior vice president now directly owns 5,425 shares of the company’s stock, valued at $452,607.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John L. Clare sold 12,577 shares of Dunkin Brands Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $80.60, for a total transaction of $1,013,706.20. Following the completion of the transaction, the insider now directly owns 33,622 shares in the company, valued at $2,709,933.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,077 shares of company stock worth $10,123,627. 1.70% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in DNKN. Private Capital Group LLC increased its position in shares of Dunkin Brands Group by 29.7% in the second quarter. Private Capital Group LLC now owns 529 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 121 shares in the last quarter. Oakworth Capital Inc. purchased a new position in shares of Dunkin Brands Group in the second quarter worth approximately $42,000. Kings Point Capital Management increased its position in shares of Dunkin Brands Group by 253.3% in the second quarter. Kings Point Capital Management now owns 530 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 380 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of Dunkin Brands Group in the second quarter worth approximately $54,000. Finally, AdvisorNet Financial Inc grew its position in Dunkin Brands Group by 454.7% during 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 in the last quarter. 87.75% 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.
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