Royal Bank Of Canada Reiterates Buy Rating for Dunkin’ Brands Group, Inc. (DNKN)
Royal Bank Of Canada restated their buy rating on shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) in a report issued on Friday morning. The firm currently has a $64.00 target price on the restaurant operator’s stock.
A number of other research firms have also recently commented on DNKN. Maxim Group restated a buy rating on shares of Dunkin’ Brands Group in a research note on Monday, April 10th. Goldman Sachs Group, Inc. (The) cut Dunkin’ Brands Group from a neutral rating to a sell rating and decreased their price target for the stock from $48.00 to $47.00 in a research note on Wednesday, March 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dunkin’ Brands Group from a hold rating to a buy rating and set a $60.00 price target on the stock in a research note on Monday, July 17th. Bank of America Corporation restated a neutral rating and set a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. Finally, Credit Suisse Group AG restated an outperform rating and set a $61.00 price target on shares of Dunkin’ Brands Group in a research note on Monday, March 27th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $55.89.
Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded up 0.49% during midday trading on Friday, hitting $53.62. The stock had a trading volume of 1,627,316 shares. Dunkin’ Brands Group has a 52-week low of $43.81 and a 52-week high of $59.70. The firm’s 50 day moving average price is $55.84 and its 200 day moving average price is $54.75. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 24.15 and a beta of 0.22.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The firm had revenue of $190.70 million for the quarter, compared to analysts’ expectations of $192.36 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of DNKN. Russell Investments Group Ltd. purchased a new stake in Dunkin’ Brands Group during the fourth quarter valued at approximately $157,000. US Bancorp DE boosted its stake in Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in Dunkin’ Brands Group during the first quarter valued at approximately $204,000. Barings LLC purchased a new stake in Dunkin’ Brands Group during the first quarter valued at approximately $208,000. Finally, Chicago Equity Partners LLC purchased a new stake in Dunkin’ Brands Group during the first quarter valued at approximately $213,000. 94.26% of the stock is owned by institutional investors and hedge funds.
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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