Dunkin Brands Group’s (DNKN) Buy Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their buy rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a research note issued to investors on Thursday. Credit Suisse Group currently has a $68.00 price target on the restaurant operator’s stock, up from their previous price target of $61.00.

A number of other research firms also recently commented on DNKN. BidaskClub raised Dunkin Brands Group from a hold rating to a buy rating in a report on Thursday. Robert W. Baird set a $66.00 price target on Dunkin Brands Group and gave the stock a buy rating in a report on Monday, October 30th. Wedbush reissued a hold rating and issued a $56.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Cowen reissued a hold rating and issued a $55.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Finally, Mizuho downgraded Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 price target on the stock. in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Dunkin Brands Group has an average rating of Hold and a consensus price target of $59.37.

Dunkin Brands Group (NASDAQ DNKN) traded down $0.20 during trading hours on Thursday, reaching $64.81. The company’s stock had a trading volume of 727,876 shares, compared to its average volume of 776,793. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. Dunkin Brands Group has a 52 week low of $50.26 and a 52 week high of $65.68. The company has a market cap of $5,840.00, a P/E ratio of 28.30, a PEG ratio of 2.02 and a beta of 0.30.

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 analysts’ consensus estimates 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 the consensus estimate of $214.60 million. During the same period in the prior year, the business earned $0.60 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.

Dunkin Brands Group announced that its board has approved a stock repurchase plan on Thursday, October 26th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Monday, November 27th were given 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 currently 56.33%.

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

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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.

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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