Dunkin Brands Group (DNKN) Upgraded at BidaskClub
BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a hold rating to a buy rating in a report issued on Thursday morning.
A number of other analysts also recently issued reports on DNKN. Zacks Investment Research downgraded shares of Dunkin Brands Group from a hold rating to a sell rating in a report on Tuesday, September 26th. Wedbush reaffirmed a hold rating and set a $56.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Maxim Group reaffirmed a buy rating and set a $64.00 price target on shares of Dunkin Brands Group in a report on Tuesday, October 17th. BMO Capital Markets reaffirmed a hold rating on shares of Dunkin Brands Group in a report on Wednesday, September 6th. Finally, Cowen reissued a hold rating and issued a $55.00 price objective on shares of Dunkin Brands Group in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $59.37.
Shares of Dunkin Brands Group (NASDAQ:DNKN) traded down $0.20 during midday trading on Thursday, hitting $64.81. 727,876 shares of the stock were exchanged, compared to its average volume of 776,793. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $5,840.00, a P/E ratio of 28.30, a PEG ratio of 2.02 and a beta of 0.30. Dunkin Brands Group has a 12-month low of $50.26 and a 12-month high of $65.68.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The company had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $214.60 million. Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. equities research analysts forecast that Dunkin Brands Group will post 2.42 EPS for the current fiscal year.
Dunkin Brands Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 26th that permits the company to buyback $650.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Monday, November 27th were issued a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, November 24th. Dunkin Brands Group’s dividend payout ratio is currently 56.33%.
Large investors have recently modified their holdings of the business. IHT Wealth Management LLC purchased a new position in Dunkin Brands Group during the second quarter valued at approximately $104,000. FNY Partners Fund LP raised its position in shares of Dunkin Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 1,985 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Dunkin Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 336 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dunkin Brands Group by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after buying an additional 259 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Dunkin Brands Group by 8.2% during the second quarter. US Bancorp DE now owns 3,792 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 287 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
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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