Wedbush reissued their hold rating on shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) in a research report report published on Friday morning. They currently have a $56.00 price target on the restaurant operator’s stock. Wedbush also issued estimates for Dunkin’ Brands Group’s FY2017 earnings at $2.42 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.65 EPS and Q3 2018 earnings at $0.72 EPS.
DNKN has been the topic of a number of other research reports. Cowen and Company reaffirmed a hold rating and set a $55.00 price target on shares of Dunkin’ Brands Group in a research report on Friday, September 1st. JMP Securities lifted their target price on Dunkin’ Brands Group from $59.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, September 6th. BidaskClub raised Dunkin’ Brands Group from a sell rating to a hold rating in a research report on Thursday, August 24th. Zacks Investment Research raised Dunkin’ Brands Group from a hold rating to a buy rating and set a $60.00 target price on the stock in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $58.42.
Dunkin’ Brands Group (DNKN) opened at 59.09 on Friday. The firm’s 50-day moving average price is $54.32 and its 200 day moving average price is $54.69. Dunkin’ Brands Group has a 1-year low of $46.55 and a 1-year high of $59.70. The stock has a market cap of $5.33 billion, a PE ratio of 25.92 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 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 analyst estimates of $214.60 million. Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Equities research analysts expect that Dunkin’ Brands Group will post $2.42 EPS for the current year.
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The business 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 is Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.18%. Dunkin’ Brands Group’s dividend payout ratio is 56.33%.
Dunkin’ Brands Group declared that its board has authorized a share buyback plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the firm’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 $1,742,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Dunkin’ Brands Group by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 350,129 shares of the restaurant operator’s stock worth $19,146,000 after acquiring an additional 25,926 shares during the period. SG Americas Securities LLC boosted its stake in shares of Dunkin’ Brands Group by 40.1% during the 2nd quarter. SG Americas Securities LLC now owns 31,254 shares of the restaurant operator’s stock worth $1,723,000 after acquiring an additional 8,941 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Dunkin’ Brands Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,172,993 shares of the restaurant operator’s stock worth $64,656,000 after acquiring an additional 3,836 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Dunkin’ Brands Group by 82.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,269,121 shares of the restaurant operator’s stock worth $69,954,000 after acquiring an additional 571,831 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Dunkin’ Brands Group by 73.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 23,632 shares of the restaurant operator’s stock worth $1,303,000 after acquiring an additional 9,974 shares during the period. Institutional investors own 93.73% of the company’s stock.
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.
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