Dunkin’ Brands Group, Inc. (DNKN) Trading 7.8% Higher
Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) shares traded up 7.8% during mid-day trading on Monday . The stock traded as high as $59.52 and last traded at $59.09. 6,763,810 shares changed hands during mid-day trading, an increase of 484% from the average session volume of 1,157,670 shares. The stock had previously closed at $54.82.
Several research analysts have recently issued reports on the stock. Mizuho downgraded shares of Dunkin’ Brands Group from a “neutral” rating to an “underperform” rating and set a $56.00 target price on the stock. in a research note on Thursday. BMO Capital Markets reiterated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Maxim Group restated a “buy” rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Royal Bank Of Canada restated an “outperform” rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a research report on Thursday, August 3rd. Finally, Cowen and Company restated a “hold” rating and set a $55.00 price objective on shares of Dunkin’ Brands Group in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $58.42.
The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 25.92 and a beta of 0.24. The company’s 50 day moving average price is $54.32 and its 200 day moving average price is $54.69.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 24th. Dunkin’ Brands Group’s payout ratio is 56.33%.
Dunkin’ Brands Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 26th that allows the company to buyback $650.00 million in shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of Dunkin’ Brands Group 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 completion of the sale, the senior vice president now directly owns 33,000 shares in the company, valued at approximately $1,742,400. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC acquired a new stake in Dunkin’ Brands Group during the 2nd quarter valued at approximately $104,000. Russell Investments Group Ltd. lifted its stake in Dunkin’ Brands Group by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 109 shares during the period. L & S Advisors Inc lifted its stake in Dunkin’ Brands Group by 1.7% during the 2nd quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock valued at $428,000 after acquiring an additional 130 shares during the period. Teacher Retirement System of Texas lifted its stake in Dunkin’ Brands Group by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,333 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 134 shares during the period. Finally, Commerce Bank lifted its stake in Dunkin’ Brands Group by 2.6% during the 2nd quarter. Commerce Bank now owns 5,364 shares of the restaurant operator’s stock valued at $295,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 93.73% of the company’s stock.
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Dunkin’ Brands Group Company Profile
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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