Dunkin Brands Group (DNKN) Stock Rating Reaffirmed by Barclays
Dunkin Brands Group (NASDAQ:DNKN)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $70.00 price objective on the restaurant operator’s stock, up from their prior price objective of $63.00. Barclays’ price target points to a potential upside of 9.74% from the stock’s previous close.
A number of other equities analysts have also issued reports on DNKN. Zacks Investment Research lowered Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Maxim Group restated a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and issued a $63.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 20th. Mizuho lowered Dunkin Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 target price for the company. in a research note on Thursday, October 26th. Finally, Cowen restated a “hold” rating and issued a $55.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $61.05.
Shares of Dunkin Brands Group (DNKN) traded up $0.09 on Tuesday, hitting $63.79. The stock had a trading volume of 733,100 shares, compared to its average volume of 728,136. Dunkin Brands Group has a 12-month low of $50.54 and a 12-month high of $66.44. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $5,880.00, a price-to-earnings ratio of 27.86, a PEG ratio of 1.61 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The business had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $214.60 million. Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. research analysts forecast that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.
Dunkin Brands Group declared that its board has authorized a share buyback plan on Thursday, October 26th that authorizes the company to buyback $650.00 million in shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC acquired a new stake in shares of Dunkin Brands Group during the 2nd quarter valued at about $104,000. L & S Advisors Inc grew its position in shares of Dunkin Brands Group by 1.7% during the 2nd quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock valued at $428,000 after acquiring an additional 130 shares during the period. Quantum Capital Management grew its position in shares of Dunkin Brands Group by 0.7% during the 2nd quarter. Quantum Capital Management now owns 24,535 shares of the restaurant operator’s stock valued at $1,352,000 after acquiring an additional 171 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Dunkin Brands Group by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 73,424 shares of the restaurant operator’s stock valued at $4,047,000 after acquiring an additional 426 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in shares of Dunkin Brands Group by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 27,578 shares of the restaurant operator’s stock valued at $1,520,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 90.68% 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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