Abbot Financial Management Inc. bought a new position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,421 shares of the restaurant operator’s stock, valued at approximately $1,015,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Partners Fund LP grew its position in shares of Dunkin’ Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 1,985 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after acquiring an additional 109 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Dunkin’ Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dunkin’ Brands Group by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after acquiring an additional 259 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Dunkin’ Brands Group by 1.8% during the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Several equities research analysts recently weighed in on DNKN shares. Zacks Investment Research raised Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, July 17th. Bank of America Corporation reaffirmed a “neutral” rating and set a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. BidaskClub downgraded Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and set a $55.00 price target on shares of Dunkin’ Brands Group in a report on Friday, September 1st. Finally, Argus raised Dunkin’ Brands Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.84 to $68.00 in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $57.95.

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Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down 0.837% during midday trading on Tuesday, reaching $52.705. The company’s stock had a trading volume of 242,752 shares. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 23.116 and a beta of 0.23. Dunkin’ Brands Group, Inc. has a 1-year low of $46.55 and a 1-year high of $59.70. The company’s 50-day moving average price is $52.57 and its 200-day moving average price is $54.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company 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. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were paid a $0.3225 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.43%. Dunkin’ Brands Group’s payout ratio is 56.33%.

In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.10% 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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Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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