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 analysts have recently issued reports on DNKN shares. Credit Suisse Group AG reiterated a “buy” rating on shares of Dunkin’ Brands Group in a report on Monday, July 18th. Robert W. Baird reiterated a “buy” rating on shares of Dunkin’ Brands Group in a report on Monday, May 16th. Jefferies Group reiterated a “hold” rating on shares of Dunkin’ Brands Group in a report on Friday, April 29th. BMO Capital Markets reiterated a “hold” rating and set a $46.00 target price on shares of Dunkin’ Brands Group in a report on Friday, July 22nd. Finally, BTIG Research reissued a “neutral” rating on shares of Dunkin’ Brands Group in a research report on Thursday, July 21st. Three research 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 presently has an average rating of “Hold” and a consensus target price of $48.07.
The company has a market capitalization of $4.50 billion and a PE ratio of 37.24. The company has a 50-day moving average price of $46.72 and a 200 day moving average price of $45.85.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business earned $216.30 million during the quarter, compared to analyst estimates of $219.88 million. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. Analysts anticipate that Dunkin’ Brands Group Inc. will post $2.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, August 18th.
In other Dunkin’ Brands Group news, insider William M. Mitchell sold 5,648 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $45.87, for a total value of $259,073.76. Following the sale, the insider now owns 5,648 shares of the company’s stock, valued at approximately $259,073.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the insider now directly owns 19,671 shares in the company, valued at approximately $888,145.65. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.