Griffin Asset Management Inc. Purchases Shares of 37,415 Dunkin Brands Group Inc (DNKN)

Griffin Asset Management Inc. purchased a new position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,415 shares of the restaurant operator’s stock, valued at approximately $1,986,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC increased its position in Dunkin Brands Group by 0.3% during the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock worth $457,919,000 after buying an additional 21,819 shares during the last quarter. BlackRock Inc. increased its position in Dunkin Brands Group by 1.4% during the second quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock worth $400,787,000 after buying an additional 101,819 shares during the last quarter. Vanguard Group Inc. increased its position in Dunkin Brands Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock worth $400,478,000 after buying an additional 103,573 shares during the last quarter. State Street Corp increased its position in Dunkin Brands Group by 1.6% during the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after buying an additional 36,032 shares during the last quarter. Finally, Jackson Square Partners LLC increased its position in Dunkin Brands Group by 2.9% during the third quarter. Jackson Square Partners LLC now owns 1,770,558 shares of the restaurant operator’s stock worth $93,981,000 after buying an additional 50,204 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dunkin Brands Group Inc (NASDAQ DNKN) opened at $60.34 on Tuesday. 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 stock has a market capitalization of $5,460.00, a P/E ratio of 24.82, a P/E/G ratio of 1.88 and a beta of 0.30. Dunkin Brands Group Inc has a 12 month low of $50.26 and a 12 month high of $61.54.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $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 was paid on Wednesday, December 6th. Investors of record on Monday, November 27th were paid a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, November 24th. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 56.33%.

Dunkin Brands Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

DNKN has been the topic of a number of recent analyst reports. BMO Capital Markets set a $58.00 price target on Dunkin Brands Group and gave the stock a “hold” rating in a research report on Friday, October 27th. JMP Securities upped their target price on Dunkin Brands Group from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, September 6th. Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Dunkin Brands Group in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $63.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 20th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Dunkin Brands Group presently has an average rating of “Hold” and a consensus price target of $58.58.

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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.

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

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