Dunkin Brands Group (NASDAQ:DNKN) had its price target lowered by Bank of America from $68.00 to $65.00 in a report published on Wednesday. The firm currently has a neutral rating on the restaurant operator’s stock.
Other research analysts have also issued reports about the company. BidaskClub raised Dunkin Brands Group from a hold rating to a buy rating in a research report on Thursday, December 21st. Cowen reaffirmed a hold rating and set a $55.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 27th. BMO Capital Markets set a $58.00 target price on Dunkin Brands Group and gave the stock a hold rating in a research report on Friday, October 27th. Maxim Group raised their target price on Dunkin Brands Group from $64.00 to $71.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. Finally, Mizuho lowered Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 target price for the company. in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Dunkin Brands Group has a consensus rating of Hold and a consensus target price of $62.35.
Dunkin Brands Group (NASDAQ:DNKN) opened at $58.86 on Wednesday. The stock has a market capitalization of $5,393.18, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.42 and a beta of 0.21. The company has a current ratio of 2.79, a quick ratio of 1.43 and a debt-to-equity ratio of 361.71. Dunkin Brands Group has a 12-month low of $50.89 and a 12-month high of $68.45.
Dunkin Brands Group declared that its board has authorized a stock buyback program on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Friday, March 9th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a dividend yield of 2.36%. Dunkin Brands Group’s dividend payout ratio (DPR) is 33.86%.
Several hedge funds have recently bought and sold shares of the company. New Mexico Educational Retirement Board bought a new position in shares of Dunkin Brands Group in the 4th quarter worth about $1,438,000. Daiwa Securities Group Inc. bought a new position in shares of Dunkin Brands Group in the 4th quarter worth about $7,337,000. California Public Employees Retirement System raised its position in shares of Dunkin Brands Group by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 184,382 shares of the restaurant operator’s stock worth $11,887,000 after acquiring an additional 4,062 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Dunkin Brands Group by 305.0% in the 4th quarter. Teacher Retirement System of Texas now owns 30,857 shares of the restaurant operator’s stock worth $1,989,000 after acquiring an additional 23,238 shares in the last quarter. Finally, Calton & Associates Inc. acquired a new stake in shares of Dunkin Brands Group in the 4th quarter valued at about $238,000. 90.99% of the stock is 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.
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