William Blair Equities Analysts Reduce Earnings Estimates for Dunkin Brands Group Inc (DNKN)
Dunkin Brands Group Inc (NASDAQ:DNKN) – Analysts at William Blair lowered their Q1 2018 earnings per share (EPS) estimates for Dunkin Brands Group in a research report issued to clients and investors on Thursday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.56. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Dunkin Brands Group’s Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.93 EPS.
Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The firm had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.54 million. During the same quarter last year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.
Dunkin Brands Group (DNKN) opened at $59.60 on Monday. Dunkin Brands Group has a fifty-two week low of $50.89 and a fifty-two week high of $68.45. The firm has a market capitalization of $5,352.54, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.61 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.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in Dunkin Brands Group by 0.3% in the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock valued at $457,919,000 after purchasing an additional 21,819 shares during the period. BlackRock Inc. increased its position in shares of Dunkin Brands Group by 0.7% during the fourth quarter. BlackRock Inc. now owns 7,322,621 shares of the restaurant operator’s stock worth $472,088,000 after acquiring an additional 51,795 shares during the last quarter. State Street Corp increased its position in shares of Dunkin Brands Group by 1.6% during the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock worth $129,945,000 after acquiring an additional 36,032 shares during the last quarter. Jackson Square Partners LLC increased its position in shares of Dunkin Brands Group by 2.7% during the fourth quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock worth $117,223,000 after acquiring an additional 47,703 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Dunkin Brands Group by 9.4% during the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after acquiring an additional 137,051 shares during the last quarter. 90.57% of the stock is currently owned by institutional investors.
Dunkin Brands Group announced that its Board of Directors has initiated a share buyback program on Thursday, October 26th that allows the company to buyback $650.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Friday, March 9th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a yield of 2.33%. Dunkin Brands Group’s dividend payout ratio (DPR) is 33.86%.
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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