WASHINGTON TRUST Co Has $744,000 Holdings in Dunkin’ Brands Group, Inc. (DNKN)

WASHINGTON TRUST Co lowered its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 85.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,016 shares of the restaurant operator’s stock after selling 80,641 shares during the period. WASHINGTON TRUST Co’s holdings in Dunkin’ Brands Group were worth $744,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DNKN. Russell Investments Group Ltd. raised its holdings in shares of Dunkin’ Brands Group by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 109 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Dunkin’ Brands Group in the 1st quarter valued at about $204,000. Teachers Advisors LLC raised its holdings in shares of Dunkin’ Brands Group by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 89,830 shares of the restaurant operator’s stock valued at $4,912,000 after acquiring an additional 4,161 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Dunkin’ Brands Group by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,006 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 266 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Dunkin’ Brands Group by 47.9% in the 1st quarter. Legal & General Group Plc now owns 56,799 shares of the restaurant operator’s stock valued at $3,106,000 after acquiring an additional 18,388 shares in the last quarter. 93.73% of the stock is currently owned by hedge funds and other institutional investors.

Dunkin’ Brands Group, Inc. (DNKN) traded up $0.63 during midday trading on Friday, hitting $58.96. The company had a trading volume of 1,466,784 shares, compared to its average volume of 1,982,255. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of -13.72. The company has a market capitalization of $5,321.97, a price-to-earnings ratio of 24.26, a PEG ratio of 1.83 and a beta of 0.30. Dunkin’ Brands Group, Inc. has a one year low of $46.55 and a one year high of $60.66.

Dunkin’ Brands Group (NASDAQ:DNKN) last announced 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 company had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $214.60 million. Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. Dunkin’ Brands Group’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. research analysts predict that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current year.

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 (DPR) is currently 56.33%.

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

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Several research firms have weighed in on DNKN. BidaskClub cut Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Stephens reissued an “equal weight” rating and set a $54.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. BMO Capital Markets set a $58.00 price objective on Dunkin’ Brands Group and gave the company a “hold” rating in a report on Friday, October 27th. Cowen and Company reissued a “hold” rating and set a $55.00 price objective on shares of Dunkin’ Brands Group in a report on Friday, October 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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.

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

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