Dunkin’ Brands Group, Inc. (DNKN) Position Boosted by State Treasurer State of Michigan

State Treasurer State of Michigan raised its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,000 shares of the restaurant operator’s stock after buying an additional 600 shares during the period. State Treasurer State of Michigan’s holdings in Dunkin’ Brands Group were worth $2,095,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Dunkin’ Brands Group during the fourth quarter valued at $157,000. Dimensional Fund Advisors LP boosted its position in Dunkin’ Brands Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,107 shares of the restaurant operator’s stock worth $25,494,000 after buying an additional 12,344 shares in the last quarter. Teachers Advisors LLC boosted its position in Dunkin’ Brands Group by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 85,669 shares of the restaurant operator’s stock worth $4,492,000 after buying an additional 4,291 shares in the last quarter. CT Financial Advisors LLC boosted its position in Dunkin’ Brands Group by 10.5% in the first quarter. CT Financial Advisors LLC now owns 5,786 shares of the restaurant operator’s stock worth $316,000 after buying an additional 551 shares in the last quarter. Finally, Creative Planning boosted its position in Dunkin’ Brands Group by 1.6% in the first quarter. Creative Planning now owns 8,954 shares of the restaurant operator’s stock worth $490,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) opened at 52.41 on Friday. The stock has a market cap of $4.73 billion, a P/E ratio of 22.99 and a beta of 0.21. The company’s 50 day moving average is $53.65 and its 200 day moving average is $54.93. Dunkin’ Brands Group, Inc. has a 52 week low of $46.55 and a 52 week high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company had revenue of $218.50 million for the quarter, compared to the consensus estimate of $220.77 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be paid a $0.3225 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.46%. Dunkin’ Brands Group’s dividend payout ratio is presently 56.33%.

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A number of analysts recently issued reports on the company. BidaskClub lowered Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets raised their target price on Dunkin’ Brands Group from $52.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Maxim Group restated a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Dunkin’ Brands Group has a consensus rating of “Hold” and an average target price of $57.72.

In other news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total value of $1,742,400.00. Following the sale, the senior vice president now owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.

About Dunkin’ Brands Group

Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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

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