Dunkin Brands Group (NASDAQ:DNKN)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse Group in a report released on Thursday, December 21st. They presently have a $68.00 price objective on the restaurant operator’s stock, up from their prior price objective of $61.00. Credit Suisse Group’s price objective indicates a potential upside of 5.61% from the company’s previous close.
Several other analysts also recently issued reports on DNKN. Zacks Investment Research downgraded Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Wedbush restated a “hold” rating and set a $56.00 target price on shares of Dunkin Brands Group in a research note on Friday, October 27th. Maxim Group restated a “buy” rating and set a $64.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, October 17th. BMO Capital Markets restated a “hold” rating on shares of Dunkin Brands Group in a research note on Wednesday, September 6th. Finally, BidaskClub upgraded Dunkin Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.79.
Shares of Dunkin Brands Group (NASDAQ DNKN) traded up $1.19 during mid-day trading on Thursday, reaching $64.39. The company’s stock had a trading volume of 579,165 shares, compared to its average volume of 739,111. The firm has a market cap of $5,820.00, a price-to-earnings ratio of 28.12, a P/E/G ratio of 1.83 and a beta of 0.30. Dunkin Brands Group has a 12 month low of $50.54 and a 12 month high of $66.44. The company has a debt-to-equity ratio of -13.82, a quick ratio of 1.43 and a current ratio of 1.43.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results 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). 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%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. sell-side 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 authorized a share buyback plan on Thursday, October 26th that allows the company to buyback $650.00 million in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of hedge funds have recently added to or reduced their stakes in the stock. Boyd Watterson Asset Management LLC OH acquired a new stake in Dunkin Brands Group during the 4th quarter valued at $221,000. Moon Capital Management LLC acquired a new stake in Dunkin Brands Group during the 4th quarter valued at $193,000. Gillespie Robinson & Grimm Inc. increased its holdings in Dunkin Brands Group by 0.3% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 445,569 shares of the restaurant operator’s stock valued at $28,726,000 after purchasing an additional 1,345 shares in the last quarter. Aurora Investment Counsel acquired a new stake in Dunkin Brands Group during the 4th quarter valued at $883,000. Finally, GSA Capital Partners LLP acquired a new stake in Dunkin Brands Group during the 3rd quarter valued at $682,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
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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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