Dimensional Fund Advisors LP increased its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,581 shares of the restaurant operator’s stock after acquiring an additional 1,465 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.57% of Dunkin Brands Group worth $27,155,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new stake in Dunkin Brands Group in the second quarter worth about $104,000. L & S Advisors Inc lifted its stake in Dunkin Brands Group by 1.7% in the second quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock worth $428,000 after acquiring an additional 130 shares during the period. Quantum Capital Management lifted its stake in Dunkin Brands Group by 0.7% in the second quarter. Quantum Capital Management now owns 24,535 shares of the restaurant operator’s stock worth $1,352,000 after acquiring an additional 171 shares during the period. Mutual of America Capital Management LLC lifted its stake in Dunkin Brands Group by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 73,424 shares of the restaurant operator’s stock worth $4,047,000 after acquiring an additional 426 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in Dunkin Brands Group by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 27,578 shares of the restaurant operator’s stock worth $1,520,000 after acquiring an additional 476 shares during the period. 90.68% of the stock is owned by institutional investors.
Shares of Dunkin Brands Group Inc (NASDAQ DNKN) opened at $65.09 on Friday. The company has a market cap of $5,761.70, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30. Dunkin Brands Group Inc has a 1 year low of $50.54 and a 1 year high of $66.44. 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 declared that its board has initiated a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of analysts recently weighed in on DNKN shares. Zacks Investment Research lowered shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Maxim Group reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Dunkin Brands Group in a research note on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Dunkin Brands Group in a research note on Friday, October 20th. Mizuho lowered shares of Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 price target for the company. in a research report on Thursday, October 26th. Finally, Cowen reissued a “hold” rating and set a $55.00 price target on shares of Dunkin Brands Group in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $61.05.
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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.
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