BidaskClub lowered shares of Dunkin Brands Group (NASDAQ:DNKN) from a buy rating to a hold rating in a research note published on Tuesday.
Several other analysts have also issued reports on DNKN. Maxim Group boosted their price target on Dunkin Brands Group from $64.00 to $71.00 and gave the company a buy rating in a report on Tuesday, January 2nd. Jefferies Group raised Dunkin Brands Group from an underperform rating to a hold rating and boosted their price target for the company from $48.00 to $56.00 in a report on Saturday, December 30th. Zacks Investment Research lowered Dunkin Brands Group from a hold rating to a sell rating in a report on Tuesday, September 26th. Wedbush reissued a hold rating and set a $56.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Finally, Cowen reissued a hold rating and set a $55.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of Hold and an average target price of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) traded up $1.19 during trading hours on Tuesday, reaching $64.39. The company’s stock had a trading volume of 579,165 shares, compared to its average volume of 715,570. Dunkin Brands Group has a twelve month low of $50.54 and a twelve month high of $66.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82. The company has a market capitalization of $5,708.41, a price-to-earnings ratio of 28.12, a PEG ratio of 1.61 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current year.
Dunkin Brands Group declared that its board has authorized a share repurchase program on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in shares of Dunkin Brands Group in the second quarter worth about $104,000. FNY Partners Fund LP boosted its stake in shares of Dunkin Brands Group by 13,233.3% in the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 1,985 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dunkin Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after acquiring an additional 259 shares during the period. Moon Capital Management LLC bought a new position in shares of Dunkin Brands Group in the fourth quarter worth about $193,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Dunkin Brands Group in the second quarter worth about $209,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
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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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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