Dunkin’ Brands Group (DNKN) Sets New 12-Month High at $60.86

Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) reached a new 52-week high during trading on Monday . The stock traded as high as $60.86 and last traded at $58.96, with a volume of 860400 shares trading hands. The stock had previously closed at $59.70.

Several analysts have commented on DNKN shares. Maxim Group restated a “buy” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and issued a $63.00 price target on shares of Dunkin’ Brands Group in a report on Friday, October 20th. BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a report on Wednesday, September 6th. Cowen restated a “hold” rating and issued a $55.00 price target on shares of Dunkin’ Brands Group in a report on Friday, September 1st. Finally, BidaskClub upgraded Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Three equities 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.58.

The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $5,471.76, a price-to-earnings ratio of 24.93, a PEG ratio of 1.89 and a beta of 0.30.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. 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 firm posted $0.60 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. analysts anticipate that Dunkin’ Brands Group, Inc. will post 2.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.322 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s payout ratio is currently 56.33%.

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

Several large investors have recently modified their holdings of DNKN. Janus Henderson Group PLC purchased a new stake in shares of Dunkin’ Brands Group during the 2nd quarter worth about $474,315,000. Vaughan Nelson Investment Management L.P. acquired a new position in Dunkin’ Brands Group during the 3rd quarter worth approximately $43,085,000. Victory Capital Management Inc. lifted its position in 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 in the last quarter. HS Management Partners LLC acquired a new position in Dunkin’ Brands Group during the 3rd quarter worth approximately $17,590,000. Finally, Prudential Financial Inc. lifted its position in Dunkin’ Brands Group by 586.7% during the 2nd quarter. Prudential Financial Inc. now owns 382,757 shares of the restaurant operator’s stock worth $21,097,000 after acquiring an additional 327,020 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

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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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