Public Employees Retirement System of Ohio Sells 1,647 Shares of Dunkin’ Brands Group, Inc. (DNKN)

Public Employees Retirement System of Ohio cut its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,139 shares of the restaurant operator’s stock after selling 1,647 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dunkin’ Brands Group were worth $2,268,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IHT Wealth Management LLC acquired a new position in shares of Dunkin’ Brands Group during the second quarter worth about $104,000. Russell Investments Group Ltd. increased its stake in shares of Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after acquiring an additional 109 shares during the period. L & S Advisors Inc increased its stake in shares of Dunkin’ Brands Group by 1.7% during the second quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock worth $428,000 after acquiring an additional 130 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Dunkin’ Brands Group by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 7,333 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 134 shares during the period. Finally, Commerce Bank increased its stake in shares of Dunkin’ Brands Group by 2.6% during the second quarter. Commerce Bank now owns 5,364 shares of the restaurant operator’s stock worth $295,000 after acquiring an additional 135 shares during the period. Institutional investors own 93.73% of the company’s stock.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS.

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 paid a $0.322 dividend. The ex-dividend date is Friday, November 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.21%. Dunkin’ Brands Group’s dividend payout ratio is currently 56.33%.

Dunkin’ Brands Group declared that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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DNKN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Maxim Group reiterated a “buy” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Robert W. Baird reiterated a “buy” rating and set a $63.00 price target on shares of Dunkin’ Brands Group in a research note on Friday, October 20th. Finally, Stephens reiterated an “equal weight” rating and set a $54.00 price target on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $58.58.

Dunkin’ Brands Group 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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Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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