Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) – Analysts at Jefferies Group reduced their Q1 2018 earnings estimates for shares of Dunkin’ Brands Group in a research note issued to investors on Thursday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings per share of $0.51 for the quarter, down from their previous estimate of $0.53. Jefferies Group also issued estimates for Dunkin’ Brands Group’s Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.74 EPS and Q4 2018 earnings at $0.71 EPS.
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). Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same period in the previous year, the company earned $0.60 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This article was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/10/31/dunkin-brands-group-inc-to-post-q1-2018-earnings-of-0-51-per-share-jefferies-group-forecasts-dnkn.html.
Several other analysts have also recently commented on the company. Robert W. Baird set a $66.00 price target on Dunkin’ Brands Group and gave the company a “buy” rating in a report on Monday. Zacks Investment Research cut Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets set a $58.00 price target on Dunkin’ Brands Group and gave the company a “hold” rating in a report on Friday. Wedbush restated a “hold” rating and issued a $56.00 price target on shares of Dunkin’ Brands Group in a report on Friday. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Dunkin’ Brands Group in a research note on Friday. Three equities 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. The stock has an average rating of “Hold” and a consensus target price of $58.58.
Dunkin’ Brands Group (DNKN) traded up 2.32% on Monday, reaching $60.46. 1,879,519 shares of the company’s stock were exchanged. Dunkin’ Brands Group has a 1-year low of $46.55 and a 1-year high of $60.66. The company has a market capitalization of $5.46 billion, a PE ratio of 26.52 and a beta of 0.24. The company has a 50 day moving average price of $54.32 and a 200-day moving average price of $54.69.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new position in Dunkin’ Brands Group during the 2nd quarter worth approximately $104,000. FNY Partners Fund LP increased its holdings in Dunkin’ Brands Group by 13,233.3% during 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 during the last quarter. Russell Investments Group Ltd. increased its holdings in Dunkin’ Brands Group by 3.7% during 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 during the last quarter. Advisors Asset Management Inc. increased its holdings in Dunkin’ Brands Group by 12.1% during 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dunkin’ Brands Group by 8.5% during 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 during the last quarter. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Karen Raskopf sold 33,000 shares of the business’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 transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
Dunkin’ Brands Group announced that its board has initiated a stock repurchase program on Thursday, October 26th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 27th will be given a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.
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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