Dunkin Brands Group (NASDAQ:DNKN) had its price target lifted by research analysts at Maxim Group from $64.00 to $71.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price objective would indicate a potential upside of 10.13% from the company’s current price.
A number of other equities analysts also recently issued reports on DNKN. BMO Capital Markets restated a “hold” rating on shares of Dunkin Brands Group in a research report on Wednesday, September 6th. JMP Securities raised their price objective on Dunkin Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Robert W. Baird restated a “buy” rating and set a $63.00 price objective on shares of Dunkin Brands Group in a research report on Friday, October 20th. Finally, Mizuho downgraded Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price objective for the company. in a research report on Thursday, October 26th. Two 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. Dunkin Brands Group currently has a consensus rating of “Hold” and an average price target of $59.74.
Dunkin Brands Group (NASDAQ:DNKN) opened at $64.47 on Tuesday. Dunkin Brands Group has a 1 year low of $50.26 and a 1 year high of $65.73. 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 $5,823.12, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.01 and a beta of 0.30.
Dunkin Brands Group announced that its board has approved a stock repurchase program on Thursday, October 26th that allows the company to buyback $650.00 million in shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNKN. IHT Wealth Management LLC acquired a new stake in Dunkin Brands Group during the second quarter worth approximately $104,000. FNY Partners Fund LP grew its stake in Dunkin Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,985 shares during the period. Advisors Asset Management Inc. grew its stake in Dunkin Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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 valued at $183,000 after acquiring an additional 259 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Dunkin Brands Group in the second quarter valued at approximately $209,000. 90.66% of the stock is owned by institutional investors and hedge funds.
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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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