Several other research analysts have also recently issued reports on DNKN. Nomura increased their price objective on Dunkin Brands Group from $52.00 to $55.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Piper Jaffray Companies increased their price objective on Dunkin Brands Group from $55.00 to $59.00 and gave the stock a neutral rating in a research report on Monday, January 29th. Zacks Investment Research upgraded Dunkin Brands Group from a sell rating to a hold rating in a research report on Monday, October 16th. Wedbush reiterated a hold rating and issued a $56.00 price objective on shares of Dunkin Brands Group in a research report on Friday, October 27th. Finally, Maxim Group restated a buy rating and issued a $64.00 price target on shares of Dunkin Brands Group in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $61.57.
Dunkin Brands Group (NASDAQ:DNKN) opened at $60.84 on Friday. The stock has a market capitalization of $5,630.73, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.21. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin Brands Group has a 52-week low of $50.87 and a 52-week high of $68.45.
Dunkin Brands Group announced that its board has approved a share repurchase plan on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Calton & Associates Inc. acquired a new stake in shares of Dunkin Brands Group during the fourth quarter valued at $238,000. Bray Capital Advisors acquired a new stake in shares of Dunkin Brands Group during the fourth quarter valued at $226,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Dunkin Brands Group during the fourth quarter valued at $135,000. US Bancorp DE boosted its stake in shares of Dunkin Brands Group by 22.7% during the fourth quarter. US Bancorp DE now owns 6,187 shares of the restaurant operator’s stock valued at $399,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Dunkin Brands Group by 6.5% during the fourth quarter. Aperio Group LLC now owns 25,387 shares of the restaurant operator’s stock valued at $1,637,000 after acquiring an additional 1,551 shares during the last quarter. 90.99% of the stock is currently owned by institutional investors and hedge funds.
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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.
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