Royal Bank of Canada lowered shares of Dunkin Brands Group (NASDAQ:DNKN) from an outperform rating to a sector perform rating in a report issued on Friday morning, MarketBeat.com reports. The brokerage currently has $76.02 price target on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

DNKN has been the subject of a number of other reports. BidaskClub raised shares of Dunkin Brands Group from a buy rating to a strong-buy rating in a research note on Friday, September 7th. Jefferies Financial Group reiterated a hold rating and issued a $65.00 target price on shares of Dunkin Brands Group in a report on Friday, July 13th. Bank of America boosted their target price on shares of Dunkin Brands Group from $65.00 to $69.00 and gave the stock a neutral rating in a report on Thursday, June 14th. Morgan Stanley boosted their target price on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the stock an equal weight rating in a report on Monday, July 16th. Finally, ValuEngine downgraded shares of Dunkin Brands Group from a buy rating to a hold rating in a report on Tuesday, May 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $67.50.

Shares of NASDAQ:DNKN opened at $73.14 on Friday. The company has a market capitalization of $6.38 billion, a PE ratio of 30.10, a P/E/G ratio of 2.25 and a beta of 0.36. Dunkin Brands Group has a twelve month low of $52.07 and a twelve month high of $77.13. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of -3.72.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $350.64 million during the quarter, compared to analyst estimates of $343.38 million. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. equities analysts forecast that Dunkin Brands Group will post 2.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 27th were issued a dividend of $0.3475 per share. The ex-dividend date of this dividend was Friday, August 24th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.90%. Dunkin Brands Group’s dividend payout ratio is currently 57.20%.

In other news, insider Richard J. Emmett sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $70.20, for a total transaction of $1,263,600.00. Following the sale, the insider now owns 31,550 shares in the company, valued at $2,214,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Murphy sold 11,907 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $70.17, for a total transaction of $835,514.19. Following the sale, the chief operating officer now owns 20,161 shares in the company, valued at approximately $1,414,697.37. The disclosure for this sale can be found here. Insiders have sold 739,693 shares of company stock worth $51,896,387 in the last 90 days. 3.00% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in DNKN. Fort L.P. acquired a new stake in shares of Dunkin Brands Group during the second quarter valued at approximately $123,000. Advisors Preferred LLC raised its holdings in shares of Dunkin Brands Group by 797.1% during the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after acquiring an additional 1,650 shares during the period. GAM Holding AG acquired a new stake in shares of Dunkin Brands Group during the second quarter valued at approximately $200,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Dunkin Brands Group during the second quarter valued at approximately $201,000. Finally, CIBC Asset Management Inc acquired a new position in Dunkin Brands Group in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 99.27% of the company’s stock.

About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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