Metropolitan Life Insurance Co NY Sells 835 Shares of Dunkin Brands Group Inc (NASDAQ:DNKN)

Metropolitan Life Insurance Co NY trimmed its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,894 shares of the restaurant operator’s stock after selling 835 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Dunkin Brands Group were worth $2,134,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Private Capital Group LLC grew its position in shares of Dunkin Brands Group by 29.7% during the 2nd quarter. Private Capital Group LLC now owns 529 shares of the restaurant operator’s stock valued at $37,000 after acquiring an additional 121 shares during the period. LS Investment Advisors LLC lifted its position in shares of Dunkin Brands Group by 3.7% during the 3rd quarter. LS Investment Advisors LLC now owns 4,404 shares of the restaurant operator’s stock valued at $350,000 after buying an additional 157 shares in the last quarter. Patriot Investment Management Inc. grew its stake in shares of Dunkin Brands Group by 4.1% during the 3rd quarter. Patriot Investment Management Inc. now owns 4,267 shares of the restaurant operator’s stock valued at $326,000 after acquiring an additional 170 shares during the period. Griffin Asset Management Inc. grew its stake in shares of Dunkin Brands Group by 1.3% during the 2nd quarter. Griffin Asset Management Inc. now owns 13,715 shares of the restaurant operator’s stock valued at $1,093,000 after acquiring an additional 180 shares during the period. Finally, Heritage Way Advisors LLC increased its holdings in Dunkin Brands Group by 0.6% in the 2nd quarter. Heritage Way Advisors LLC now owns 31,815 shares of the restaurant operator’s stock worth $2,534,000 after acquiring an additional 188 shares in the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Dunkin Brands Group stock opened at $76.39 on Wednesday. The stock has a market cap of $6.34 billion, a P/E ratio of 26.34, a PEG ratio of 2.49 and a beta of 0.42. Dunkin Brands Group Inc has a 1 year low of $61.69 and a 1 year high of $84.74. The firm’s 50 day moving average price is $75.57 and its 200-day moving average price is $78.66.

Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, October 31st. The restaurant operator reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. The firm had revenue of $355.90 million during the quarter, compared to analyst estimates of $357.91 million. Dunkin Brands Group had a net margin of 17.54% and a negative return on equity of 38.96%. Dunkin Brands Group’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Sell-side analysts expect that Dunkin Brands Group Inc will post 3.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, December 2nd will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.96%. Dunkin Brands Group’s dividend payout ratio is currently 51.72%.

In related news, CFO Katherine D. Jaspon sold 15,198 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $75.99, for a total transaction of $1,154,896.02. 1.70% of the stock is currently owned by insiders.

A number of equities research analysts have commented on the stock. OTR Global upgraded shares of Dunkin Brands Group from a “mixed” rating to a “positive” rating in a research note on Wednesday, October 9th. Argus upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Wednesday, August 7th. Maxim Group increased their price objective on shares of Dunkin Brands Group from $79.00 to $83.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Stephens raised their price objective on shares of Dunkin Brands Group from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, BTIG Research restated a “hold” rating on shares of Dunkin Brands Group in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.93.

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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

Read More: What is the Nikkei 225 index?    

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


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