Dunkin Brands Group Inc (DNKN) Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 152,038 shares of the restaurant operator’s stock after selling 28,732 shares during the quarter. Advisors Capital Management LLC’s holdings in Dunkin Brands Group were worth $9,749,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DNKN. Russell Investments Group Ltd. grew its holdings in Dunkin Brands Group by 51.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 54,275 shares of the restaurant operator’s stock worth $3,751,000 after acquiring an additional 18,350 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Dunkin Brands Group by 7.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 569,154 shares of the restaurant operator’s stock worth $39,312,000 after acquiring an additional 41,318 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Dunkin Brands Group by 34.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,118 shares of the restaurant operator’s stock worth $629,000 after acquiring an additional 2,354 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Dunkin Brands Group by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,954 shares of the restaurant operator’s stock worth $756,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Dunkin Brands Group by 5.2% during the 2nd quarter. Raymond James & Associates now owns 50,822 shares of the restaurant operator’s stock worth $3,510,000 after acquiring an additional 2,516 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Richard J. Emmett sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $73.00, for a total value of $2,190,000.00. Following the completion of the transaction, the insider now directly owns 43,050 shares of the company’s stock, valued at $3,142,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Nigel Travis sold 298,662 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $72.35, for a total transaction of $21,608,195.70. Following the completion of the transaction, the chairman now directly owns 257,326 shares of the company’s stock, valued at $18,617,536.10. The disclosure for this sale can be found here. Insiders sold 524,591 shares of company stock worth $38,151,848 over the last quarter. 3.00% of the stock is owned by corporate insiders.

Shares of NASDAQ DNKN traded up $0.57 during midday trading on Thursday, reaching $67.59. The company’s stock had a trading volume of 27,074 shares, compared to its average volume of 854,154. Dunkin Brands Group Inc has a fifty-two week low of $56.77 and a fifty-two week high of $77.13. The company has a market capitalization of $5.54 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.82 and a beta of 0.52.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The company had revenue of $350.01 million for the quarter, compared to the consensus estimate of $344.17 million. On average, sell-side analysts predict that Dunkin Brands Group Inc will post 2.84 earnings per share for the current fiscal year.

DNKN has been the topic of several recent research reports. UBS Group set a $76.00 target price on shares of Dunkin Brands Group and gave the company a “hold” rating in a research note on Friday, October 26th. Citigroup raised their target price on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. KeyCorp initiated coverage on shares of Dunkin Brands Group in a research note on Wednesday, October 3rd. They issued a “sector weight” rating on the stock. Zacks Investment Research raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Wednesday, October 24th. Finally, Gordon Haskett initiated coverage on shares of Dunkin Brands Group in a research report on Thursday, October 18th. They issued a “hold” rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.05.

ILLEGAL ACTIVITY WARNING: “Dunkin Brands Group Inc (DNKN) Shares Sold by Advisors Capital Management LLC” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.com-unik.info/2019/01/17/dunkin-brands-group-inc-dnkn-shares-sold-by-advisors-capital-management-llc.html.

About Dunkin Brands Group

Dunkin’ Brands Group, Inc operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S.

Featured Story: What are the benefits of momentum investing?

Want to see what other hedge funds are holding DNKN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dunkin Brands Group Inc (NASDAQ:DNKN).

Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit