Private Advisor Group LLC reduced its stake in shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) by 27.3% during the second quarter, Holdings Channel reports. The institutional investor owned 9,230 shares of the company’s stock after selling 3,472 shares during the period. Private Advisor Group LLC’s holdings in Dunkin’ Brands Group were worth $412,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC bought a new position in Dunkin’ Brands Group during the first quarter valued at approximately $30,758,000. State of New Jersey Common Pension Fund D bought a new position in Dunkin’ Brands Group during the second quarter valued at approximately $16,576,000. Moore Capital Management LP bought a new position in Dunkin’ Brands Group during the first quarter valued at approximately $12,972,000. Jackson Square Partners LLC increased its position in Dunkin’ Brands Group by 7.3% in the first quarter. Jackson Square Partners LLC now owns 3,619,237 shares of the company’s stock valued at $170,719,000 after buying an additional 247,432 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Dunkin’ Brands Group during the second quarter valued at approximately $5,488,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) traded up 1.43% on Tuesday, hitting $48.39. 387,390 shares of the stock were exchanged. The company has a 50-day moving average price of $47.71 and a 200-day moving average price of $46.35. The firm has a market cap of $4.44 billion, a PE ratio of 36.77 and a beta of 0.17. Dunkin’ Brands Group Inc. has a 52-week low of $36.44 and a 52-week high of $50.64.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 21st. The company reported $0.57 EPS for the quarter, topping the Zacks’ 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. Dunkin’ Brands Group had a negative return on equity of 106.20% and a net margin of 15.13%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. On average, equities research analysts anticipate that Dunkin’ Brands Group Inc. will post $2.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, August 18th. Dunkin’ Brands Group’s payout ratio is 90.91%.

DNKN has been the topic of several research reports. Credit Agricole SA downgraded shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and decreased their price objective for the company from $53.00 to $49.00 in a report on Thursday, July 28th. Credit Suisse Group AG reiterated a “buy” rating on shares of Dunkin’ Brands Group in a report on Thursday, June 30th. Robert W. Baird restated an “outperform” rating on shares of Dunkin’ Brands Group in a research note on Thursday, September 8th. BTIG Research restated a “neutral” rating on shares of Dunkin’ Brands Group in a research note on Thursday, July 21st. Finally, Goldman Sachs Group Inc. upped 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 note on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.87.

In related news, insider John H. Costello sold 12,782 shares of Dunkin’ Brands Group 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 completion of the sale, the insider now owns 19,671 shares of the company’s stock, valued at approximately $888,145.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William M. Mitchell sold 5,648 shares of Dunkin’ Brands Group stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $45.87, for a total value of $259,073.76. Following the completion of the sale, the insider now directly owns 5,648 shares of the company’s stock, valued at approximately $259,073.76. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Dunkin’ Brands Group Company Profile

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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