Dunkin’ Brands Group Inc. (DNKN) Trading 2.2% Higher
Dunkin’ Brands Group Inc. (NASDAQ:DNKN)’s share price traded 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 equities analysts have issued reports on the stock. Credit Agricole SA cut shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and decreased their price target for the company from $53.00 to $49.00 in a research report on Thursday, July 28th. Credit Suisse Group AG restated a “buy” rating on shares of Dunkin’ Brands Group in a research report on Saturday, April 30th. Jefferies Group restated a “hold” rating on shares of Dunkin’ Brands Group in a research report on Friday, April 29th. 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 report on Wednesday, July 20th. Finally, Longbow Research restated an “underperform” rating and issued a $34.00 price target on shares of Dunkin’ Brands Group in a research report on Monday, August 15th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Dunkin’ Brands Group has an average rating of “Hold” and an average price target of $48.07.
The firm has a market cap of $4.45 billion and a PE ratio of 36.87. The firm’s 50-day moving average price is $46.15 and its 200-day moving average price is $45.60.
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 Zacks’ consensus estimate of $0.56 by $0.01. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The business earned $216.30 million during the quarter, compared to the consensus estimate of $219.88 million. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Dunkin’ Brands Group Inc. will post $2.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors 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 dividend on an annualized basis and a yield of 2.47%.
In related news, insider John H. Costello sold 12,782 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $45.15, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William M. Mitchell sold 5,648 shares of the company’s stock in a transaction 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 sale, the insider now owns 5,648 shares of the company’s stock, valued at $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 increased 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 about 0.22% of Dunkin’ Brands Group worth $8,737,000 as of its most recent filing with the SEC.
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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