BMO Capital Markets set a $64.00 price target on Dunkin Brands Group (NASDAQ:DNKN) in a research report sent to investors on Friday, January 12th. The firm currently has a hold rating on the restaurant operator’s stock.
Several other brokerages have also issued reports on DNKN. Maxim Group reissued a buy rating and set a $64.00 target price on shares of Dunkin Brands Group in a research note 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 price objective 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 company a buy rating in a report on Monday, October 30th. Finally, Wedbush reiterated a hold rating and issued a $56.00 target price on shares of Dunkin Brands Group in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $61.05.
Dunkin Brands Group (NASDAQ DNKN) opened at $64.56 on Friday. Dunkin Brands Group has a 12-month low of $50.54 and a 12-month high of $66.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. The stock has a market cap of $5,831.25, a P/E ratio of 26.57, a P/E/G ratio of 1.60 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 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $214.60 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current year.
Dunkin Brands Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in shares of Dunkin Brands Group during the second quarter worth approximately $104,000. L & S Advisors Inc raised its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Quantum Capital Management increased its stake in shares of Dunkin Brands Group by 0.7% in the second quarter. Quantum Capital Management now owns 24,535 shares of the restaurant operator’s stock worth $1,352,000 after buying an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dunkin Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after buying an additional 259 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Dunkin Brands Group by 0.6% in the second quarter. Mutual of America Capital Management LLC now owns 73,424 shares of the restaurant operator’s stock worth $4,047,000 after buying an additional 426 shares during the period. 90.68% of the stock is currently owned by hedge funds and other institutional investors.
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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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