Dunkin Brands Group Inc (NASDAQ:DNKN) has been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $60.47.
A number of equities research analysts recently weighed in on DNKN shares. Maxim Group restated a “buy” rating and issued a $64.00 target price on shares of Dunkin Brands Group in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Jefferies Group upgraded shares of Dunkin Brands Group from an “underperform” rating to a “hold” rating and upped their target price for the stock from $48.00 to $56.00 in a report on Saturday, December 30th. Robert W. Baird set a $66.00 target price on shares of Dunkin Brands Group and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Wedbush restated a “hold” rating and issued a $56.00 target price on shares of Dunkin Brands Group in a report on Friday, October 27th.
Dunkin Brands Group (DNKN) opened at $64.39 on Tuesday. The stock has a market cap of $5,820.00, a PE ratio of 28.12, a PEG ratio of 1.83 and a beta of 0.30. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. Dunkin Brands Group has a 1 year low of $50.26 and a 1 year high of $66.44.
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 Zacks’ consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million for the quarter, compared to the consensus estimate of $214.60 million. Dunkin Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. Dunkin Brands Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. research analysts forecast that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.
Dunkin Brands Group announced that its board has approved a stock buyback plan on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Large investors have recently bought and sold shares of the business. Griffin Asset Management Inc. purchased a new stake in Dunkin Brands Group in the 3rd quarter valued at about $1,986,000. State Street Corp increased its stake in Dunkin Brands Group by 1.6% in the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after buying an additional 36,032 shares during the last quarter. Nationwide Fund Advisors increased its stake in Dunkin Brands Group by 1.7% in the 3rd quarter. Nationwide Fund Advisors now owns 183,364 shares of the restaurant operator’s stock valued at $9,733,000 after buying an additional 3,120 shares during the last quarter. New York State Common Retirement Fund increased its stake in Dunkin Brands Group by 20.1% in the 3rd quarter. New York State Common Retirement Fund now owns 444,841 shares of the restaurant operator’s stock valued at $23,612,000 after buying an additional 74,600 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Dunkin Brands Group in the 3rd quarter valued at about $478,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
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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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