Dunkin' Brands Group (NASDAQ:DNKN) Price Target Increased to $97.00 by Analysts at KeyCorp

Dunkin' Brands Group (NASDAQ:DNKN) had its price objective lifted by KeyCorp from $78.00 to $97.00 in a research note released on Friday morning, Anlyst Ratings reports. KeyCorp currently has an overweight rating on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on DNKN. Wells Fargo & Company upped their price target on Dunkin' Brands Group from $67.00 to $83.00 and gave the company an equal weight rating in a research report on Monday, October 19th. Barclays boosted their price objective on Dunkin' Brands Group from $77.00 to $86.00 in a research note on Friday, October 2nd. Wedbush boosted their price objective on Dunkin' Brands Group from $67.00 to $86.00 and gave the stock a neutral rating in a research note on Monday, October 19th. Royal Bank of Canada reissued a hold rating and issued a $69.00 price objective on shares of Dunkin' Brands Group in a research note on Friday, July 31st. Finally, UBS Group boosted their price objective on Dunkin' Brands Group from $66.00 to $71.00 and gave the stock a neutral rating in a research note on Monday, July 27th. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $80.72.

NASDAQ:DNKN opened at $103.10 on Friday. The business’s 50-day moving average price is $81.42 and its 200 day moving average price is $69.96. The firm has a market cap of $8.48 billion, a P/E ratio of 39.35, a PEG ratio of 4.37 and a beta of 0.87. Dunkin' Brands Group has a 52-week low of $38.51 and a 52-week high of $104.87.

Dunkin' Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Dunkin' Brands Group had a negative return on equity of 38.22% and a net margin of 16.79%. The firm had revenue of $287.40 million for the quarter, compared to analysts’ expectations of $275.52 million. During the same quarter last year, the business posted $0.86 EPS. Dunkin' Brands Group’s revenue was down 20.0% on a year-over-year basis. On average, equities analysts anticipate that Dunkin' Brands Group will post 2.7 earnings per share for the current fiscal year.

In related news, SVP John Varughese sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $71.28, for a total transaction of $356,400.00. Following the sale, the senior vice president now owns 7,661 shares in the company, valued at $546,076.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Karen Raskopf sold 46,852 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $68.19, for a total transaction of $3,194,837.88. Following the sale, the insider now owns 21,876 shares in the company, valued at approximately $1,491,724.44. The disclosure for this sale can be found here. Insiders sold 96,680 shares of company stock worth $6,742,991 in the last quarter. Company insiders own 1.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC acquired a new position in shares of Dunkin' Brands Group in the 2nd quarter valued at about $27,000. Hall Laurie J Trustee acquired a new position in shares of Dunkin' Brands Group in the 3rd quarter valued at about $29,000. North Star Investment Management Corp. grew its stake in shares of Dunkin' Brands Group by 175.0% in the 2nd quarter. North Star Investment Management Corp. now owns 550 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 350 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Dunkin' Brands Group by 266.7% in the 2nd quarter. Sandy Spring Bank now owns 550 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 400 shares in the last quarter. Finally, NEXT Financial Group Inc bought a new stake in shares of Dunkin' Brands Group in the 3rd quarter valued at approximately $51,000. Institutional investors own 87.24% of the company’s stock.

About Dunkin' Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, franchises and licenses quick service restaurants in the United States and internationally. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S.

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Analyst Recommendations for Dunkin' Brands Group (NASDAQ:DNKN)

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