Gillespie Robinson & Grimm Inc. cut its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 402,021 shares of the restaurant operator’s stock after selling 23,305 shares during the period. Dunkin Brands Group makes up approximately 3.5% of Gillespie Robinson & Grimm Inc.’s investment portfolio, making the stock its 9th largest holding. Gillespie Robinson & Grimm Inc. owned about 0.48% of Dunkin Brands Group worth $29,637,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in Dunkin Brands Group during the 3rd quarter worth about $110,000. Fort L.P. acquired a new stake in Dunkin Brands Group during the 2nd quarter worth about $123,000. Advisors Preferred LLC grew its holdings in Dunkin Brands Group by 797.1% during the 2nd quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 1,650 shares during the period. GAM Holding AG acquired a new stake in Dunkin Brands Group during the 2nd quarter worth about $200,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Dunkin Brands Group during the 2nd quarter worth about $201,000. 99.25% of the stock is owned by institutional investors and hedge funds.
DNKN stock traded down $0.38 during mid-day trading on Thursday, reaching $74.03. 18,901 shares of the company traded hands, compared to its average volume of 998,265. The company has a market capitalization of $6.18 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.18 and a beta of 0.35. The company has a debt-to-equity ratio of -3.72, a quick ratio of 1.53 and a current ratio of 1.53. Dunkin Brands Group Inc has a fifty-two week low of $53.68 and a fifty-two week high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $350.64 million during the quarter, compared to the consensus estimate of $343.38 million. Dunkin Brands Group had a negative return on equity of 50.62% and a net margin of 32.48%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. As a group, sell-side analysts forecast that Dunkin Brands Group Inc will post 2.72 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DNKN. Goldman Sachs Group increased their price target on Dunkin Brands Group from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Tuesday, September 11th. Royal Bank of Canada downgraded Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price target for the company. in a report on Friday, September 14th. They noted that the move was a valuation call. BidaskClub upgraded Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Maxim Group increased their price target on Dunkin Brands Group from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised their target price on Dunkin Brands Group from $66.00 to $67.00 and gave the company a “market perform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. Dunkin Brands Group currently has a consensus rating of “Hold” and an average target price of $68.68.
In other Dunkin Brands Group news, SVP Jason Maceda sold 7,103 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $71.89, for a total transaction of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares of the company’s stock, valued at approximately $271,097.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John L. Clare sold 27,863 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $69.67, for a total transaction of $1,941,215.21. Following the transaction, the insider now directly owns 47,510 shares in the company, valued at approximately $3,310,021.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 739,693 shares of company stock worth $51,896,387. Insiders own 3.00% 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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