Dunkin Brands Group (DNKN) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a hold rating to a buy rating in a research report report published on Thursday.

Several other equities analysts have also commented on DNKN. Cowen reiterated a hold rating and set a $55.00 price objective on shares of Dunkin Brands Group in a research report on Friday, September 1st. BMO Capital Markets reiterated a hold rating on shares of Dunkin Brands Group in a research report on Wednesday, September 6th. JMP Securities increased their price objective on shares of Dunkin Brands Group from $59.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Dunkin Brands Group from a hold rating to a sell rating in a research report on Tuesday, September 26th. Finally, Maxim Group reiterated a buy rating and set a $64.00 price objective on shares of Dunkin Brands Group in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Dunkin Brands Group has a consensus rating of Hold and a consensus target price of $59.37.

Dunkin Brands Group (NASDAQ DNKN) traded down $0.20 during mid-day trading on Thursday, reaching $64.81. 729,000 shares of the company’s stock traded hands, compared to its average volume of 1,247,674. Dunkin Brands Group has a fifty-two week low of $50.26 and a fifty-two week high of $65.68. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82. The company has a market capitalization of $5,734.60, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.98 and a beta of 0.30.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data 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). Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business had revenue of $224.20 million for the quarter, compared to the consensus estimate of $214.60 million. During the same quarter last year, the business earned $0.60 EPS. Dunkin Brands Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts anticipate that Dunkin Brands Group will post 2.42 EPS for the current fiscal 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 yield of 1.99%. The ex-dividend date was Friday, November 24th. Dunkin Brands Group’s dividend payout ratio is presently 56.33%.

Dunkin Brands Group declared that its board has approved a stock 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently bought and sold shares of DNKN. IHT Wealth Management LLC purchased a new position in Dunkin Brands Group in the 2nd quarter worth about $104,000. FNY Partners Fund LP increased its stake in Dunkin Brands Group by 13,233.3% in the 2nd quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after buying an additional 1,985 shares during the period. Advisors Asset Management Inc. increased its stake in Dunkin Brands Group by 12.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after buying an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dunkin Brands Group by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after buying an additional 259 shares during the period. Finally, US Bancorp DE increased its stake in Dunkin Brands Group by 8.2% in the 2nd quarter. US Bancorp DE now owns 3,792 shares of the restaurant operator’s stock worth $209,000 after buying an additional 287 shares during the period. 90.66% of the stock is currently owned by institutional investors.

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About Dunkin Brands Group

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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