Dunkin’ Brands Group Inc. (NASDAQ:DNKN) had its price objective boosted by stock analysts at Maxim Group from $54.00 to $57.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 12.56% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. Credit Agricole SA cut shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and dropped their target price for the company from $53.00 to $49.00 in a research report on Thursday, July 28th. Credit Suisse Group AG restated a “buy” rating on shares of Dunkin’ Brands Group in a research report on Thursday, June 30th. Robert W. Baird restated an “outperform” rating on shares of Dunkin’ Brands Group in a research report on Thursday, September 8th. BTIG Research restated a “neutral” rating on shares of Dunkin’ Brands Group in a research report on Thursday, July 21st. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Dunkin’ Brands Group from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.02.
Dunkin’ Brands Group (NASDAQ:DNKN) opened at 50.64 on Tuesday. Dunkin’ Brands Group has a one year low of $36.44 and a one year high of $50.70. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 38.48 and a beta of 0.17. The company has a 50-day moving average of $48.38 and a 200 day moving average of $46.45.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The business earned $216.30 million during the quarter, compared to analysts’ expectations of $219.88 million. Dunkin’ Brands Group had a net margin of 15.13% and a negative return on equity of 106.20%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. On average, analysts anticipate that Dunkin’ Brands Group will post $2.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.37%. Dunkin’ Brands Group’s payout ratio is presently 90.91%.
In related news, insider John H. Costello sold 12,782 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $45.15, for a total transaction of $577,107.30. Following the transaction, the insider now owns 19,671 shares in the company, valued at approximately $888,145.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William M. Mitchell sold 5,648 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $45.87, for a total transaction of $259,073.76. Following the transaction, the insider now owns 5,648 shares in the company, valued at approximately $259,073.76. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Credit Agricole S A increased its position in Dunkin’ Brands Group by 5.1% in the first quarter. Credit Agricole S A now owns 46,515 shares of the company’s stock worth $2,194,000 after buying an additional 2,240 shares during the last quarter. Alpine Partners VI LLC bought a new position in Dunkin’ Brands Group during the first quarter worth about $222,000. M&T Bank Corp increased its position in Dunkin’ Brands Group by 5.5% in the first quarter. M&T Bank Corp now owns 12,587 shares of the company’s stock worth $595,000 after buying an additional 658 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Dunkin’ Brands Group during the first quarter worth about $1,078,000. Finally, Columbia Partners L L C Investment Management bought a new position in Dunkin’ Brands Group during the first quarter worth about $665,000. Institutional investors own 97.42% of the company’s stock.
Dunkin’ Brands Group Company Profile
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 its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
Receive News & Ratings for Dunkin' Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin' Brands Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.