Dunkin’ Brands Group Inc. (DNKN) Shares Up 2.2%
Dunkin’ Brands Group Inc. (NASDAQ:DNKN)’s share price shot up 2.2% during mid-day trading on Monday . The stock traded as high as $48.78 and last traded at $48.68, with a volume of 1,046,823 shares trading hands. The stock had previously closed at $47.63.
Several research firms have issued reports on DNKN. Credit Suisse Group AG reiterated a “buy” rating on shares of Dunkin’ Brands Group in a research note on Saturday, April 30th. Longbow Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Dunkin’ Brands Group in a research note on Monday, August 15th. Jefferies Group reiterated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Friday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $51.00 price target (up previously from $50.00) on shares of Dunkin’ Brands Group in a report on Monday, May 2nd. Finally, Wedbush raised their price target on Dunkin’ Brands Group from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.07.
The firm has a market capitalization of $4.47 billion and a price-to-earnings ratio of 37.01. The company’s 50 day moving average price is $46.34 and its 200-day moving average price is $45.75.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business earned $216.30 million during the quarter, compared to analysts’ expectations of $219.88 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, equities analysts anticipate that Dunkin’ Brands Group Inc. will post $2.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.45%.
In other news, insider John H. Costello sold 12,782 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $45.15, for a total value of $577,107.30. Following the transaction, the insider now owns 19,671 shares in the company, valued at approximately $888,145.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William M. Mitchell sold 5,648 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $45.87, for a total value of $259,073.76. Following the completion of the transaction, the insider now owns 5,648 shares in the company, valued at approximately $259,073.76. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Dunkin’ Brands Group stock. Nicholas Co. Inc. WI raised its position in shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,145 shares of the company’s stock after buying an additional 25,000 shares during the period. Nicholas Co. Inc. WI owned approximately 0.22% of Dunkin’ Brands Group worth $8,737,000 at the end of the most recent quarter.
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 its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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