Dunkin Brands Group Inc (DNKN) Position Boosted by Barrett Asset Management LLC
Barrett Asset Management LLC increased its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 0.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 107,510 shares of the restaurant operator’s stock after purchasing an additional 750 shares during the quarter. Barrett Asset Management LLC’s holdings in Dunkin Brands Group were worth $7,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in Dunkin Brands Group by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,919 shares of the restaurant operator’s stock worth $30,178,000 after buying an additional 32,045 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Dunkin Brands Group by 38.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,043 shares of the restaurant operator’s stock worth $832,000 after buying an additional 3,355 shares in the last quarter. First Hawaiian Bank bought a new position in Dunkin Brands Group in the 3rd quarter worth approximately $110,000. Keybank National Association OH boosted its stake in Dunkin Brands Group by 175.4% during the 2nd quarter. Keybank National Association OH now owns 24,375 shares of the restaurant operator’s stock valued at $1,684,000 after purchasing an additional 15,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Dunkin Brands Group by 7.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 569,154 shares of the restaurant operator’s stock valued at $39,312,000 after purchasing an additional 41,318 shares in the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Barclays increased their price target on Dunkin Brands Group from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, October 9th. BidaskClub raised Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Jefferies Financial Group increased their price target on Dunkin Brands Group from $67.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, October 26th. BMO Capital Markets increased their price target on Dunkin Brands Group from $69.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Finally, Maxim Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Dunkin Brands Group in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.17.
DNKN opened at $71.26 on Tuesday. The firm has a market cap of $6.05 billion, a PE ratio of 29.33, a P/E/G ratio of 2.08 and a beta of 0.33. Dunkin Brands Group Inc has a fifty-two week low of $55.81 and a fifty-two week high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.10. The business had revenue of $350.01 million during the quarter, compared to analyst estimates of $344.17 million. Dunkin Brands Group had a negative return on equity of 41.14% and a net margin of 30.28%. On average, research analysts anticipate that Dunkin Brands Group Inc will post 2.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 26th will be paid a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, November 23rd. Dunkin Brands Group’s dividend payout ratio is presently 57.20%.
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Dunkin Brands Group Company Profile
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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