Insider Selling: Dunkin Brands Group Inc (DNKN) SVP Sells 42,486 Shares of Stock

Dunkin Brands Group Inc (NASDAQ:DNKN) SVP Karen Raskopf sold 42,486 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $62.44, for a total transaction of $2,652,825.84. Following the sale, the senior vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $156,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Karen Raskopf also recently made the following trade(s):

  • On Friday, February 16th, Karen Raskopf sold 13,000 shares of Dunkin Brands Group stock. The stock was sold at an average price of $62.82, for a total transaction of $816,660.00.

Shares of Dunkin Brands Group Inc (NASDAQ DNKN) traded down $1.45 on Thursday, reaching $60.70. The company had a trading volume of 1,691,200 shares, compared to its average volume of 1,192,653. Dunkin Brands Group Inc has a 52-week low of $50.89 and a 52-week high of $68.45. The company has a market capitalization of $5,613.57, a PE ratio of 16.27, a PEG ratio of 1.74 and a beta of 0.21. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The firm had revenue of $227.10 million for the quarter, compared to analysts’ expectations of $220.54 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. sell-side analysts predict that Dunkin Brands Group Inc will post 2.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be paid a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.29%. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 9th. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 33.86%.

Dunkin Brands Group announced that its board has initiated 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. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

A number of analysts have recently weighed in on DNKN shares. Barclays reissued an “overweight” rating and set a $70.00 price target (up previously from $63.00) on shares of Dunkin Brands Group in a research report on Tuesday, January 16th. Piper Jaffray Companies raised their price target on shares of Dunkin Brands Group from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Maxim Group reissued a “buy” rating and set a $71.00 price target on shares of Dunkin Brands Group in a research report on Tuesday, February 6th. Cowen reissued a “hold” rating and set a $62.00 price target on shares of Dunkin Brands Group in a research report on Friday, February 2nd. Finally, Bank of America decreased their price target on shares of Dunkin Brands Group from $68.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.20.

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in Dunkin Brands Group by 0.3% in the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock valued at $457,919,000 after buying an additional 21,819 shares during the last quarter. BlackRock Inc. lifted its stake in Dunkin Brands Group by 0.7% in the fourth quarter. BlackRock Inc. now owns 7,322,621 shares of the restaurant operator’s stock valued at $472,088,000 after buying an additional 51,795 shares during the last quarter. Jackson Square Partners LLC lifted its stake in Dunkin Brands Group by 2.7% in the fourth quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock valued at $117,223,000 after buying an additional 47,703 shares during the last quarter. First Manhattan Co. lifted its stake in Dunkin Brands Group by 9.4% in the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock valued at $103,223,000 after buying an additional 137,051 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Dunkin Brands Group by 11.2% in the third quarter. Westfield Capital Management Co. LP now owns 977,879 shares of the restaurant operator’s stock valued at $51,906,000 after buying an additional 98,615 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.

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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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