Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) – Equities researchers at Wedbush reduced their FY2017 earnings estimates for shares of Dunkin’ Brands Group in a research note issued on Friday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $2.42 per share for the year, down from their previous estimate of $2.43. Wedbush has a “Hold” rating and a $56.00 price objective on the stock. Wedbush also issued estimates for Dunkin’ Brands Group’s Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.65 EPS and Q3 2018 earnings at $0.72 EPS.
Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Stephens reaffirmed an “equal weight” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird set a $66.00 price objective on shares of Dunkin’ Brands Group and gave the stock a “buy” rating in a research report on Monday. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $55.00 price objective 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 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.
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Shares of Dunkin’ Brands Group (NASDAQ DNKN) opened at 59.09 on Monday. The stock’s 50 day moving average is $54.32 and its 200-day moving average is $54.69. 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 has a 12-month low of $46.55 and a 12-month 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 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 firm had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $214.60 million. During the same quarter 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.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be issued a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is currently 56.33%.
Dunkin’ Brands Group announced that its board has approved a stock repurchase plan on Thursday, October 26th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
In other 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 value of $1,742,400.00. Following the sale, 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 can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DNKN. Janus Henderson Group PLC purchased a new stake in shares of Dunkin’ Brands Group in the 2nd quarter valued at $474,315,000. BlackRock Inc. boosted its holdings in shares of Dunkin’ Brands Group by 13,874.6% in the 1st quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock valued at $392,023,000 after acquiring an additional 7,118,061 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Dunkin’ Brands Group in the 3rd quarter valued at $43,085,000. Victory Capital Management Inc. boosted its holdings in shares of Dunkin’ Brands Group by 82.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,269,121 shares of the restaurant operator’s stock valued at $69,954,000 after acquiring an additional 571,831 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Dunkin’ Brands Group in the 2nd quarter valued at $22,048,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.
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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