Ameriprise Financial Inc. increased its holdings in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 673,740 shares of the restaurant operator’s stock after buying an additional 8,058 shares during the quarter. Ameriprise Financial Inc. owned 0.74% of Dunkin’ Brands Group worth $37,136,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its position in shares of Dunkin’ Brands Group by 3.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 334,066 shares of the restaurant operator’s stock worth $18,414,000 after buying an additional 11,112 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Dunkin’ Brands Group by 6.9% during the 2nd quarter. Teachers Advisors LLC now owns 96,010 shares of the restaurant operator’s stock worth $5,292,000 after buying an additional 6,180 shares during the last quarter. FNY Partners Fund LP raised its position in Dunkin’ Brands Group by 13,233.3% in the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 1,985 shares during the last quarter. Oak Ridge Investments LLC raised its position in Dunkin’ Brands Group by 35.3% in the second quarter. Oak Ridge Investments LLC now owns 66,082 shares of the restaurant operator’s stock valued at $3,642,000 after purchasing an additional 17,245 shares during the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in Dunkin’ Brands Group in the second quarter valued at about $430,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at 53.06 on Friday. 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 $54.69. The firm has a market cap of $4.79 billion, a PE ratio of 23.27 and a beta of 0.23.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, beating 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 company had revenue of $218.50 million during the quarter, compared to analyst estimates of $220.77 million. During the same quarter in the previous year, the company posted $0.57 EPS. Dunkin’ Brands Group’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.

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

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In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Several equities analysts have commented on the company. BMO Capital Markets reiterated a “hold” rating on shares of Dunkin’ Brands Group in a research report on Wednesday, September 6th. Bank of America Corporation reiterated a “neutral” rating and issued a $62.00 target price (up from $60.00) on shares of Dunkin’ Brands Group in a research report on Tuesday, June 13th. Maxim Group reiterated a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.95.

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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Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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