Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) Stake Decreased by Bank of Montreal Can
Bank of Montreal Can decreased its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 49,095 shares of the restaurant operator’s stock after selling 3,155 shares during the period. Bank of Montreal Can’s holdings in Dunkin’ Brands Group were worth $2,706,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of DNKN. Schwab Charles Investment Management Inc. increased its stake in Dunkin’ Brands Group by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 350,129 shares of the restaurant operator’s stock valued at $19,146,000 after buying an additional 25,926 shares in the last quarter. State Street Corp increased its stake in Dunkin’ Brands Group by 2.8% in the first quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock valued at $126,937,000 after buying an additional 63,426 shares in the last quarter. Barings LLC purchased a new stake in Dunkin’ Brands Group during the first quarter valued at about $208,000. Pacer Advisors Inc. increased its stake in Dunkin’ Brands Group by 22.0% in the first quarter. Pacer Advisors Inc. now owns 10,086 shares of the restaurant operator’s stock valued at $552,000 after buying an additional 1,820 shares in the last quarter. Finally, UBS Oconnor LLC increased its stake in Dunkin’ Brands Group by 109.8% in the first quarter. UBS Oconnor LLC now owns 115,407 shares of the restaurant operator’s stock valued at $6,310,000 after buying an additional 60,407 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.
Shares of Dunkin’ Brands Group, Inc. (DNKN) traded up 0.13% during trading on Wednesday, hitting $53.55. 313,847 shares of the stock were exchanged. The company has a market cap of $4.89 billion, a P/E ratio of 23.49 and a beta of 0.21. The firm’s 50-day moving average is $54.38 and its 200 day moving average is $54.82. Dunkin’ Brands Group, Inc. has a 1-year low of $45.50 and a 1-year high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The business had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. Dunkin’ Brands Group’s revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be given a dividend of $0.3225 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.29 annualized dividend and a yield of 2.41%. Dunkin’ Brands Group’s dividend payout ratio is 56.33%.
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Several analysts recently issued reports on DNKN shares. Zacks Investment Research raised shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, July 17th. Bank of America Corporation reaffirmed a “neutral” rating and set a $62.00 price objective (up from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. Royal Bank Of Canada raised shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $54.00 to $64.00 in a report on Monday, May 1st. Maxim Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Thursday, July 27th. Finally, BMO Capital Markets upped their price objective on shares of Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.47.
In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the completion of the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at $1,742,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.10% 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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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