Dunkin Brands Group (DNKN) Rating Lowered to Hold at BidaskClub
BidaskClub lowered shares of Dunkin Brands Group (NASDAQ:DNKN) from a buy rating to a hold rating in a report issued on Tuesday.
Other research analysts have also recently issued reports about the company. Cowen reaffirmed a hold rating and issued a $55.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. BMO Capital Markets set a $58.00 price target on Dunkin Brands Group and gave the company a hold rating in a report on Friday, October 27th. Maxim Group lifted their price target on Dunkin Brands Group from $64.00 to $71.00 and gave the company a buy rating in a report on Tuesday, January 2nd. Mizuho cut Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 price target for the company. in a report on Thursday, October 26th. Finally, Zacks Investment Research cut Dunkin Brands Group from a hold rating to a sell rating in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) traded up $1.19 during trading on Tuesday, hitting $64.39. The company had a trading volume of 579,165 shares, compared to its average volume of 715,570. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin Brands Group has a fifty-two week low of $50.54 and a fifty-two week high of $66.44. The company has a market capitalization of $5,708.41, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. equities analysts predict that Dunkin Brands Group will post 2.42 EPS for the current fiscal year.
Dunkin Brands Group announced that its Board of Directors has approved a share buyback program on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC acquired a new stake in Dunkin Brands Group in the second quarter worth about $104,000. FNY Partners Fund LP increased 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 worth $110,000 after purchasing an additional 1,985 shares during the period. Moon Capital Management LLC acquired a new stake in Dunkin Brands Group in the fourth quarter worth about $193,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dunkin Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after purchasing an additional 259 shares during the period. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in Dunkin Brands Group in the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 90.66% 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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