Dimensional Fund Advisors LP Buys 7,293 Shares of Dunkin’ Brands Group, Inc. (DNKN)

Dimensional Fund Advisors LP grew its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 510,116 shares of the restaurant operator’s stock after acquiring an additional 7,293 shares during the quarter. Dimensional Fund Advisors LP owned about 0.56% of Dunkin’ Brands Group worth $28,118,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Dunkin’ Brands Group by 1.4% in the second quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock valued at $400,787,000 after buying an additional 101,819 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Dunkin’ Brands Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock valued at $400,478,000 after buying an additional 103,573 shares in the last quarter. State Street Corp grew its stake in shares of Dunkin’ Brands Group by 2.8% in the first quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock valued at $126,937,000 after buying an additional 63,426 shares in the last quarter. First Manhattan Co. grew its stake in shares of Dunkin’ Brands Group by 39.0% in the second quarter. First Manhattan Co. now owns 1,366,963 shares of the restaurant operator’s stock valued at $75,347,000 after buying an additional 383,460 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Dunkin’ Brands Group by 82.0% in the second quarter. Victory Capital Management Inc. now owns 1,269,121 shares of the restaurant operator’s stock valued at $69,954,000 after buying an additional 571,831 shares in the last quarter. Institutional investors own 92.04% of the company’s stock.

DNKN has been the subject of a number of recent research reports. Maxim Group reiterated a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. BidaskClub upgraded Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Wedbush restated a “hold” rating and set a $56.00 price objective on shares of Dunkin’ Brands Group in a research note on Friday, October 27th. Finally, Robert W. Baird set a $66.00 target price on Dunkin’ Brands Group and gave the stock a “buy” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.58.

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Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) opened at $56.54 on Monday. Dunkin’ Brands Group, Inc. has a 1 year low of $48.53 and a 1 year high of $60.66. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $5,106.86, a P/E ratio of 23.27, a P/E/G ratio of 1.76 and a beta of 0.30.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results 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 during the quarter, compared to analyst estimates of $214.60 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. equities analysts anticipate that Dunkin’ Brands Group, Inc. will post 2.42 earnings per share for the current year.

Dunkin’ Brands Group declared that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be given a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

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.

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

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