Dunkin’ Brands Group (NASDAQ:DNKN) declared that its Board of Directors has authorized a share repurchase program, which allows the company to buyback $650.00 million in shares on Thursday, October 26th, EventVestor reports. This buyback authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
DNKN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, July 17th. BidaskClub lowered shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Friday, July 21st. Stephens reiterated an “equal weight” rating and set a $54.00 target price on shares of Dunkin’ Brands Group in a research report on Wednesday, July 26th. Finally, Maxim Group reiterated 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.42.
Shares of Dunkin’ Brands Group (DNKN) opened at 59.09 on Tuesday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 25.92 and a beta of 0.24. The company has a 50-day moving average of $54.32 and a 200-day moving average of $54.69. Dunkin’ Brands Group has a 52 week low of $46.55 and a 52 week high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Dunkin’ Brands Group will post $2.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 27th will be paid a $0.322 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.29 annualized dividend and a yield of 2.18%. Dunkin’ Brands Group’s payout ratio is 56.33%.
In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.
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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.
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