Olstein Capital Management L.P. Acquires New Position in Dunkin’ Brands Group, Inc. (DNKN)

Olstein Capital Management L.P. acquired a new stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,020 shares of the restaurant operator’s stock, valued at approximately $5,044,000. Olstein Capital Management L.P. owned 0.11% of Dunkin’ Brands Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in Dunkin’ Brands Group during the second quarter worth approximately $104,000. L & S Advisors Inc raised its stake in Dunkin’ Brands Group by 1.7% during the second quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock worth $428,000 after purchasing an additional 130 shares during the period. Teacher Retirement System of Texas raised its stake in Dunkin’ Brands Group by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 7,333 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 134 shares during the period. Commerce Bank raised its stake in Dunkin’ Brands Group by 2.6% during the second quarter. Commerce Bank now owns 5,364 shares of the restaurant operator’s stock worth $295,000 after purchasing an additional 135 shares during the period. Finally, Quantum Capital Management raised its stake in Dunkin’ Brands Group by 0.7% during the second quarter. Quantum Capital Management now owns 24,535 shares of the restaurant operator’s stock worth $1,352,000 after purchasing an additional 171 shares during the period. 93.05% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on DNKN. Robert W. Baird set a $66.00 price target on shares of Dunkin’ Brands Group and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Dunkin’ Brands Group from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets set a $58.00 price target on shares of Dunkin’ Brands Group and gave the stock a “hold” rating in a research note on Friday, October 27th. Wedbush reaffirmed a “hold” rating and set a $56.00 price target on shares of Dunkin’ Brands Group in a research note on Friday, October 27th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $55.00 price target on shares of Dunkin’ Brands Group in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.58.

Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down $0.35 during trading on Thursday, hitting $56.35. 441,014 shares of the stock traded hands, compared to its average volume of 1,290,504. Dunkin’ Brands Group, Inc. has a 52 week low of $50.26 and a 52 week high of $60.66. The firm has a market capitalization of $5,090.00, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.76 and a beta of 0.30. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of -13.82.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same period in the previous year, the company earned $0.60 EPS. Dunkin’ Brands Group’s revenue was up 8.3% on a year-over-year basis. sell-side analysts forecast that Dunkin’ Brands Group, Inc. will post 2.42 earnings per share for the current fiscal year.

Dunkin’ Brands Group announced that its board has initiated a stock repurchase program on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be given a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s payout ratio is currently 56.33%.

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

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