Q2 2018 EPS Estimates for Dunkin Brands Group Inc Increased by Analyst (DNKN)
Dunkin Brands Group Inc (NASDAQ:DNKN) – Equities research analysts at Wedbush increased their Q2 2018 earnings per share estimates for shares of Dunkin Brands Group in a research note issued on Tuesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.65. Wedbush has a “Hold” rating and a $60.00 price objective on the stock.
Several other analysts also recently issued reports on DNKN. Bank of America decreased their price target on Dunkin Brands Group from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Co decreased their price target on Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday. Stephens upped their price target on Dunkin Brands Group from $54.00 to $66.00 and gave the stock a “weight” rating in a research note on Monday. Zacks Investment Research downgraded Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Dunkin Brands Group in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.14.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.54 million. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of DNKN. UBS Asset Management Americas Inc. lifted its position in shares of Dunkin Brands Group by 23.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 62,626 shares of the restaurant operator’s stock worth $3,452,000 after purchasing an additional 11,795 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dunkin Brands Group by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 510,116 shares of the restaurant operator’s stock worth $28,118,000 after purchasing an additional 7,293 shares during the last quarter. Shelton Capital Management acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $379,000. State Street Corp raised its holdings in Dunkin Brands Group by 1.6% in the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after acquiring an additional 36,032 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $1,348,000. 90.99% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be given a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, March 9th. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.32. Dunkin Brands Group’s payout ratio is currently 33.86%.
Dunkin Brands Group declared that its board has approved a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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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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