Traders Sell Shares of Dunkin’ Brands Group Inc. (DNKN) on Strength (DNKN)
Investors sold shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) on strength during trading hours on Thursday. $10.72 million flowed into the stock on the tick-up and $54.48 million flowed out of the stock on the tick-down, for a money net flow of $43.76 million out of the stock. Of all stocks tracked, Dunkin’ Brands Group had the 0th highest net out-flow for the day. Dunkin’ Brands Group traded up $0.49 for the day and closed at $49.26
A number of equities analysts have commented on the stock. Credit Agricole SA downgraded shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and reduced their target price for the stock from $53.00 to $49.00 in a research note on Thursday, July 28th. Credit Suisse Group AG reiterated a “buy” rating on shares of Dunkin’ Brands Group in a research report on Saturday, April 30th. Jefferies Group reiterated a “hold” rating on shares of Dunkin’ Brands Group in a research report on Friday, April 29th. Goldman Sachs Group Inc. lifted their price target on shares of Dunkin’ Brands Group from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Finally, Longbow Research reiterated an “underperform” rating and set a $34.00 price target on shares of Dunkin’ Brands Group in a research report on Monday, August 15th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. Dunkin’ Brands Group currently has a consensus rating of “Hold” and an average price target of $48.07.
The firm has a 50 day moving average of $46.60 and a 200 day moving average of $45.80. The company has a market capitalization of $4.52 billion and a price-to-earnings ratio of 37.43.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $219.88 million. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. Analysts expect that Dunkin’ Brands Group Inc. will post $2.21 earnings per share for the current fiscal year.
The business 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%.
In related news, insider John H. Costello sold 12,782 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were 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 $888,145.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider William M. Mitchell sold 5,648 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $45.87, for a total transaction 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.
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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