Wedbush Weighs in on Dunkin Brands Group Inc’s Q1 2019 Earnings (DNKN)

Dunkin Brands Group Inc (NASDAQ:DNKN) – Stock analysts at Wedbush upped their Q1 2019 earnings estimates for Dunkin Brands Group in a research note issued on Friday, February 8th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.59 for the quarter, up from their prior forecast of $0.57. Wedbush also issued estimates for Dunkin Brands Group’s Q3 2019 earnings at $0.81 EPS, Q1 2020 earnings at $0.66 EPS, Q2 2020 earnings at $0.87 EPS, Q3 2020 earnings at $0.86 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $3.14 EPS.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. The company had revenue of $319.60 million for the quarter, compared to analyst estimates of $329.83 million. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share.

A number of other research firms have also weighed in on DNKN. Gordon Haskett began coverage on Dunkin Brands Group in a research note on Thursday, October 18th. They set a “hold” rating and a $70.00 price objective on the stock. Zacks Investment Research reissued a “buy” rating and set a $79.00 price objective on shares of Dunkin Brands Group in a research note on Tuesday, November 13th. TheStreet raised Dunkin Brands Group from a “c+” rating to a “b-” rating in a research note on Friday, November 9th. JPMorgan Chase & Co. lowered their price objective on Dunkin Brands Group from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 14th. Finally, Wells Fargo & Co boosted their price objective on Dunkin Brands Group from $66.00 to $67.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.79.

NASDAQ DNKN opened at $68.11 on Monday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.84 and a beta of 0.53. Dunkin Brands Group has a fifty-two week low of $57.33 and a fifty-two week high of $77.13.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.35. Dunkin Brands Group’s dividend payout ratio is 47.93%.

Several institutional investors have recently made changes to their positions in DNKN. BlackRock Inc. lifted its stake in Dunkin Brands Group by 5.6% during the 4th quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock worth $491,126,000 after acquiring an additional 406,993 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,317,088 shares of the restaurant operator’s stock worth $539,415,000 after acquiring an additional 207,003 shares in the last quarter. Vanguard Group Inc lifted its stake in Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock worth $539,415,000 after acquiring an additional 207,003 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Dunkin Brands Group by 6,312.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,073,384 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 2,041,048 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dunkin Brands Group by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,139,525 shares of the restaurant operator’s stock worth $84,007,000 after acquiring an additional 59,797 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Dunkin Brands Group Company Profile

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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