Parsons Capital Management Inc. RI Has $3.86 Million Position in Dunkin’ Brands Group, Inc. (DNKN)

Parsons Capital Management Inc. RI increased its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,662 shares of the restaurant operator’s stock after buying an additional 1,025 shares during the period. Parsons Capital Management Inc. RI owned 0.08% of Dunkin’ Brands Group worth $3,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new stake in Dunkin’ Brands Group in the 2nd quarter worth approximately $104,000. FNY Partners Fund LP lifted its stake in Dunkin’ Brands Group by 13,233.3% in the 2nd quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,985 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Dunkin’ Brands Group by 3.7% in the 1st 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 in the last quarter. Advisors Asset Management Inc. lifted its stake in Dunkin’ Brands Group by 12.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dunkin’ Brands Group by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 259 shares in the last quarter. 93.73% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Parsons Capital Management Inc. RI Has $3.86 Million Position in Dunkin’ Brands Group, Inc. (DNKN)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/30/parsons-capital-management-inc-ri-has-3-86-million-position-in-dunkin-brands-group-inc-dnkn.html.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) traded up 1.50% during trading on Monday, reaching $55.64. 756,394 shares of the company were exchanged. 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. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 24.40 and a beta of 0.24.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The business had revenue of $224.20 million for 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%. Dunkin’ Brands Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. Equities analysts anticipate that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.

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

Dunkin’ Brands Group announced that its board has initiated a share buyback plan on Thursday, October 26th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the sale, the senior vice president now owns 33,000 shares of the company’s stock, valued at $1,742,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Several analysts have issued reports on DNKN shares. Cowen and Company reiterated a “hold” rating and issued a $55.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, September 1st. JMP Securities increased their target price on shares of Dunkin’ Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Dunkin’ Brands Group has an average rating of “Hold” and a consensus price target 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)

What are top analysts saying about Dunkin' Brands Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dunkin' Brands Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit