Dunkin’ Brands Group, Inc. (DNKN) Rating Lowered to Sell at BidaskClub
Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other research analysts also recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a report on Wednesday, August 9th. Zacks Investment Research downgraded Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets upped their price target on Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Maxim Group restated a “buy” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Finally, Stephens restated an “equal weight” rating and issued a $54.00 price target on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.72.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) opened at 53.06 on Thursday. The firm has a market cap of $4.79 billion, a PE ratio of 23.27 and a beta of 0.21. The stock has a 50 day moving average price of $53.78 and a 200 day moving average price of $54.94. Dunkin’ Brands Group has a 52 week low of $46.55 and a 52 week high of $59.70.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The firm had revenue of $218.50 million for the quarter, compared to the consensus estimate of $220.77 million. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts expect that Dunkin’ Brands Group will post $2.43 earnings per share for the current year.
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In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of DNKN. Russell Investments Group Ltd. purchased a new position in Dunkin’ Brands Group during the fourth quarter valued at $157,000. Teachers Advisors LLC boosted its position in Dunkin’ Brands Group by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 85,669 shares of the restaurant operator’s stock valued at $4,492,000 after buying an additional 4,291 shares during the last quarter. Creative Planning boosted its position in Dunkin’ Brands Group by 1.6% in the first quarter. Creative Planning now owns 8,954 shares of the restaurant operator’s stock valued at $490,000 after buying an additional 140 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Dunkin’ Brands Group by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the restaurant operator’s stock valued at $1,269,000 after buying an additional 500 shares during the last quarter. Finally, Anderson Hoagland & Co. boosted its position in Dunkin’ Brands Group by 20.7% in the first quarter. Anderson Hoagland & Co. now owns 17,475 shares of the restaurant operator’s stock valued at $956,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.
About Dunkin’ Brands Group
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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