Parsons Capital Management Inc. RI lowered its holdings in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 35.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,365 shares of the restaurant operator’s stock after selling 24,069 shares during the period. Parsons Capital Management Inc. RI owned approximately 0.05% of Dunkin Brands Group worth $3,454,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hexavest Inc. bought a new stake in Dunkin Brands Group during the 2nd quarter valued at $250,000. NumerixS Investment Technologies Inc raised its stake in Dunkin Brands Group by 275.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 2,200 shares in the last quarter. Jackson Square Partners LLC raised its stake in Dunkin Brands Group by 7.4% during the 1st quarter. Jackson Square Partners LLC now owns 1,850,486 shares of the restaurant operator’s stock valued at $138,971,000 after acquiring an additional 128,079 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dunkin Brands Group by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 580,297 shares of the restaurant operator’s stock valued at $37,207,000 after acquiring an additional 10,707 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Dunkin Brands Group by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 156,253 shares of the restaurant operator’s stock valued at $12,447,000 after acquiring an additional 2,241 shares in the last quarter. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ DNKN traded up $1.73 during mid-day trading on Thursday, reaching $82.72. The company had a trading volume of 41,939 shares, compared to its average volume of 697,840. The stock has a market capitalization of $6.61 billion, a PE ratio of 28.58, a PEG ratio of 2.41 and a beta of 0.46. The business has a 50-day moving average price of $80.90. Dunkin Brands Group Inc has a 1-year low of $61.69 and a 1-year high of $83.22.

Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The business had revenue of $359.30 million for the quarter, compared to analysts’ expectations of $360.32 million. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. On average, research analysts anticipate that Dunkin Brands Group Inc will post 3.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, September 3rd will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, August 30th. Dunkin Brands Group’s payout ratio is 51.72%.

Several analysts have weighed in on the company. Credit Suisse Group assumed coverage on Dunkin Brands Group in a research note on Tuesday, June 25th. They set an “underperform” rating and a $70.00 target price on the stock. Morgan Stanley lifted their target price on Dunkin Brands Group from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $92.00 target price on shares of Dunkin Brands Group in a research note on Friday, August 2nd. Maxim Group reaffirmed a “hold” rating and set a $79.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, July 30th. Finally, Citigroup lifted their target price on Dunkin Brands Group from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.11.

In related news, CFO Katherine D. Jaspon sold 4,894 shares of Dunkin Brands Group stock in a transaction on Friday, May 17th. The stock was sold at an average price of $74.94, for a total value of $366,756.36. Following the transaction, the chief financial officer now directly owns 6,674 shares in the company, valued at approximately $500,149.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nigel Travis sold 61,706 shares of Dunkin Brands Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $81.48, for a total value of $5,027,804.88. Following the completion of the transaction, the director now owns 166,081 shares in the company, valued at $13,532,279.88. The disclosure for this sale can be found here. Insiders sold a total of 99,971 shares of company stock worth $8,093,413 over the last 90 days. Insiders own 1.70% of the company’s stock.

Dunkin Brands Group Profile

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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

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