Supplemental Annuity Collective Trust of NJ Acquires Shares of 20,000 Dunkin’ Brands Group, Inc. (DNKN)

Supplemental Annuity Collective Trust of NJ acquired a new position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the restaurant operator’s stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DNKN. Russell Investments Group Ltd. lifted its stake in Dunkin’ Brands Group by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after purchasing an additional 109 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Dunkin’ Brands Group by 12.3% in the first quarter. UBS Asset Management Americas Inc. now owns 50,831 shares of the restaurant operator’s stock worth $2,779,000 after purchasing an additional 5,575 shares during the last quarter. OppenheimerFunds Inc. bought a new stake in Dunkin’ Brands Group in the first quarter worth about $204,000. Teachers Advisors LLC lifted its stake in Dunkin’ Brands Group by 4.9% in the first quarter. Teachers Advisors LLC now owns 89,830 shares of the restaurant operator’s stock worth $4,912,000 after purchasing an additional 4,161 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Dunkin’ Brands Group by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,006 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 266 shares during the last quarter. 92.75% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Karen Raskopf sold 33,000 shares of the 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 transaction, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) opened at 54.82 on Friday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 24.04 and a beta of 0.24. The stock’s 50 day moving average is $54.11 and its 200 day moving average is $54.65. Dunkin’ Brands Group, Inc. has a 1-year low of $46.55 and a 1-year high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $214.60 million. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 27th will be given a $0.322 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 56.33%.

Dunkin’ Brands Group declared that its board has approved a share buyback plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several analysts have issued reports on the stock. Mizuho downgraded shares of Dunkin’ Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price objective for the company. in a research note on Thursday. BMO Capital Markets reaffirmed a “hold” rating on shares of Dunkin’ Brands Group in a research report on Wednesday, September 6th. Maxim Group reaffirmed a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $55.00 target price on shares of Dunkin’ Brands Group in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.42.

Dunkin’ Brands Group Company Profile

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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