Dunkin Brands Group (DNKN) Given New $65.00 Price Target at Bank of America
Dunkin Brands Group (NASDAQ:DNKN) had its target price lowered by Bank of America from $68.00 to $65.00 in a research note published on Wednesday. Bank of America currently has a neutral rating on the restaurant operator’s stock.
Several other equities analysts have also commented on DNKN. Stephens increased their price objective on shares of Dunkin Brands Group from $54.00 to $66.00 and gave the company a weight rating in a research report on Monday, February 5th. Maxim Group reaffirmed a buy rating and issued a $71.00 price objective on shares of Dunkin Brands Group in a research report on Tuesday, February 6th. Cowen reaffirmed a hold rating and issued a $62.00 price objective on shares of Dunkin Brands Group in a research report on Friday, February 2nd. BidaskClub lowered shares of Dunkin Brands Group from a hold rating to a sell rating in a research report on Saturday, February 3rd. Finally, Nomura increased their price target on shares of Dunkin Brands Group from $52.00 to $55.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $62.52.
Dunkin Brands Group (NASDAQ:DNKN) opened at $58.57 on Wednesday. The company has a market cap of $5,290.22, a P/E ratio of 24.10, a P/E/G ratio of 1.43 and a beta of 0.21. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43. Dunkin Brands Group has a 1 year low of $50.89 and a 1 year high of $68.45.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be issued a $0.3475 dividend. This represents a $1.39 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, March 9th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. Dunkin Brands Group’s dividend payout ratio is 33.86%.
Dunkin Brands Group announced that its Board of Directors has approved a share repurchase program 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 programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of DNKN. IHT Wealth Management LLC acquired a new stake in shares of Dunkin Brands Group during the 2nd quarter worth approximately $104,000. Cerebellum GP LLC acquired a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $117,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $135,000. Aviance Capital Management LLC acquired a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $169,000. Finally, Moon Capital Management LLC acquired a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $193,000. 90.99% of the stock is currently owned by institutional investors and hedge funds.
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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.
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