Dunkin Brands Group Inc (DNKN) CEO Sells $3,957,230.16 in Stock
Dunkin Brands Group Inc (NASDAQ:DNKN) CEO Nigel Travis sold 63,816 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $62.01, for a total transaction of $3,957,230.16. Following the sale, the chief executive officer now owns 327,957 shares in the company, valued at $20,336,613.57. The sale was disclosed in a filing with the SEC, which is available at this link.
Nigel Travis also recently made the following trade(s):
- On Tuesday, February 20th, Nigel Travis sold 57,296 shares of Dunkin Brands Group stock. The shares were sold at an average price of $63.24, for a total transaction of $3,623,399.04.
Dunkin Brands Group Inc (NASDAQ:DNKN) traded up $0.67 during trading on Friday, reaching $61.98. 1,228,910 shares of the company were exchanged, compared to its average volume of 1,217,314. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43. Dunkin Brands Group Inc has a 12 month low of $50.89 and a 12 month high of $68.45. The stock has a market cap of $5,482.60, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.70 and a beta of 0.21.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be paid a $0.3475 dividend. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, March 9th. Dunkin Brands Group’s dividend payout ratio is currently 33.86%.
Dunkin Brands Group declared that its Board of Directors has approved a share buyback program on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently issued reports on DNKN. Piper Jaffray Companies restated a “neutral” rating and set a $62.00 target price (up from $59.00) on shares of Dunkin Brands Group in a research report on Thursday. BidaskClub raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Zacks Investment Research lowered shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Wedbush reissued a “hold” rating and issued a $60.00 price objective on shares of Dunkin Brands Group in a research report on Thursday, February 8th. Finally, BMO Capital Markets raised shares of Dunkin Brands Group from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $63.20.
A number of hedge funds have recently modified their holdings of DNKN. Dimensional Fund Advisors LP grew its stake in Dunkin Brands Group by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 510,116 shares of the restaurant operator’s stock worth $28,118,000 after acquiring an additional 7,293 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Dunkin Brands Group by 1.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 74,586 shares of the restaurant operator’s stock worth $3,959,000 after acquiring an additional 1,162 shares in the last quarter. Oakbrook Investments LLC bought a new position in Dunkin Brands Group in the 3rd quarter worth about $265,000. Advisors Capital Management LLC grew its stake in Dunkin Brands Group by 6.3% in the 3rd quarter. Advisors Capital Management LLC now owns 187,295 shares of the restaurant operator’s stock worth $9,941,000 after acquiring an additional 11,061 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in Dunkin Brands Group by 1.7% in the 3rd quarter. Nationwide Fund Advisors now owns 183,364 shares of the restaurant operator’s stock worth $9,733,000 after acquiring an additional 3,120 shares in the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Dunkin Brands Group Inc (DNKN) CEO Sells $3,957,230.16 in Stock” was published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/02/23/dunkin-brands-group-inc-dnkn-ceo-sells-3957230-16-in-stock.html.
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.
Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.