Mcrae Capital Management Inc. increased its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 156,441 shares of the restaurant operator’s stock after buying an additional 1,852 shares during the period. Dunkin’ Brands Group comprises approximately 3.5% of Mcrae Capital Management Inc.’s portfolio, making the stock its 10th largest position. Mcrae Capital Management Inc. owned about 0.17% of Dunkin’ Brands Group worth $8,623,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Dunkin’ Brands Group by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 25,482 shares of the restaurant operator’s stock valued at $1,393,000 after buying an additional 1,550 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Dunkin’ Brands Group by 7.1% in the first quarter. Sit Investment Associates Inc. now owns 116,450 shares of the restaurant operator’s stock valued at $6,367,000 after buying an additional 7,750 shares in the last quarter. Navellier & Associates Inc boosted its stake in Dunkin’ Brands Group by 5.6% in the first quarter. Navellier & Associates Inc now owns 89,571 shares of the restaurant operator’s stock valued at $4,898,000 after buying an additional 4,722 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Dunkin’ Brands Group by 12.2% in the first quarter. Retirement Systems of Alabama now owns 271,175 shares of the restaurant operator’s stock valued at $14,828,000 after buying an additional 29,536 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Dunkin’ Brands Group by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 18,645 shares of the restaurant operator’s stock valued at $1,019,000 after buying an additional 919 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) traded up 0.61% during mid-day trading on Friday, hitting $53.06. 667,082 shares of the company traded hands. The firm has a market capitalization of $4.79 billion, a P/E ratio of 23.27 and a beta of 0.21. The firm has a 50 day moving average of $53.94 and a 200 day moving average of $54.89. Dunkin’ Brands Group, Inc. has a one year low of $46.55 and a one year high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $220.77 million. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 24th. Dunkin’ Brands Group’s payout ratio is 56.33%.

TRADEMARK VIOLATION WARNING: This story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://theolympiareport.com/2017/08/12/mcrae-capital-management-inc-has-8-62-million-stake-in-dunkin-brands-group-inc-dnkn-updated.html.

Several equities research analysts recently commented on the stock. Argus raised shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $58.84 to $68.00 in a research report on Tuesday, June 6th. Mizuho began coverage on shares of Dunkin’ Brands Group in a research report on Thursday, June 8th. They set a “neutral” rating and a $56.00 price target on the stock. Barclays PLC boosted their price target on shares of Dunkin’ Brands Group from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 31st. BidaskClub cut shares of Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Bank of America Corporation reissued a “neutral” rating and set a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a research report on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Dunkin’ Brands Group presently has an average rating of “Hold” and a consensus target price of $56.47.

In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the sale, the senior vice president now owns 33,000 shares in the company, valued at approximately $1,742,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

Receive News & Ratings for Dunkin' Brands Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin' Brands Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.