Bank of Montreal Can lessened its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 19.5% during the fourth quarter, HoldingsChannel reports. The firm owned 31,987 shares of the restaurant operator’s stock after selling 7,748 shares during the period. Bank of Montreal Can’s holdings in Dunkin Brands Group were worth $2,051,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its stake in shares of Dunkin Brands Group by 18.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,123 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 177 shares in the last quarter. Smithfield Trust Co. lifted its stake in shares of Dunkin Brands Group by 2,018.5% during the third quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock worth $102,000 after purchasing an additional 1,312 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Dunkin Brands Group during the third quarter worth about $110,000. Stratos Wealth Partners LTD. acquired a new position in shares of Dunkin Brands Group during the third quarter worth about $169,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Dunkin Brands Group during the fourth quarter worth about $175,000. Institutional investors own 97.28% of the company’s stock.
NASDAQ:DNKN opened at $68.11 on Tuesday. Dunkin Brands Group Inc has a one year low of $57.33 and a one year high of $77.13. The stock has a market capitalization of $5.67 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.84 and a beta of 0.53.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The business had revenue of $319.60 million for the quarter, compared to analysts’ expectations of $329.83 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. Analysts forecast that Dunkin Brands Group Inc will post 2.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 11th will be paid a $0.375 dividend. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.50 annualized dividend and a dividend yield of 2.20%. Dunkin Brands Group’s payout ratio is 47.93%.
A number of brokerages have commented on DNKN. Zacks Investment Research cut Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Jefferies Financial Group boosted their price objective on Dunkin Brands Group from $67.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, October 26th. Mizuho set a $61.00 price objective on Dunkin Brands Group and gave the stock a “sell” rating in a research note on Friday. Maxim Group restated a “buy” rating and set a $83.00 price objective on shares of Dunkin Brands Group in a research note on Thursday, October 25th. Finally, BidaskClub cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $70.79.
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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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