Dunkin Brands Group (DNKN) Upgraded by Jefferies Group to Hold

Jefferies Group upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from an underperform rating to a hold rating in a research report released on Saturday. Jefferies Group currently has $56.00 price target on the restaurant operator’s stock, up from their previous price target of $48.00.

Several other brokerages also recently weighed in on DNKN. BMO Capital Markets set a $58.00 price target on shares of Dunkin Brands Group and gave the company a hold rating in a report on Friday, October 27th. JMP Securities lifted their price target on shares of Dunkin Brands Group from $59.00 to $62.00 and gave the company an outperform rating in a report on Wednesday, September 6th. Cowen reaffirmed a hold rating and set a $55.00 price target on shares of Dunkin Brands Group in a report on Friday, September 1st. Robert W. Baird reaffirmed a buy rating and set a $63.00 price target on shares of Dunkin Brands Group in a report on Friday, October 20th. Finally, Maxim Group reaffirmed a buy rating and set a $64.00 price target on shares of Dunkin Brands Group in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $59.37.

Dunkin Brands Group (NASDAQ:DNKN) opened at $64.47 on Friday. 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 stock has a market cap of $5,823.12, a P/E ratio of 26.53, a P/E/G ratio of 2.01 and a beta of 0.30. Dunkin Brands Group has a 1-year low of $50.26 and a 1-year high of $65.73.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The business 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%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. analysts expect that Dunkin Brands Group will post 2.42 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th were issued a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, November 24th. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

Hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new position in shares of Dunkin Brands Group in the second quarter worth $104,000. FNY Partners Fund LP lifted its holdings in shares of Dunkin Brands Group by 13,233.3% in the second 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 in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Dunkin Brands Group by 12.1% in the second 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dunkin Brands Group by 8.5% in the second 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 in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Dunkin Brands Group in the second quarter worth $209,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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