Dunkin’ Brands Group Inc. (NASDAQ: DNKN) shares rose on Thursday Dec 15 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock, boosting the price target of stock.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) had its price target raised by equities researchers at Maxim Group from $57.00 to $61.00. Maxim Group currently has a rating of Buy on the shares. A number of other analysts have commented on the company recently, and Dunkin’ Brands Group Inc. has earned a consensus one-year price target of $50.50, a decrease compared to the opening price of $53.57, a difference of 9.42 percent. Dunkin’ Brands Group Inc. stock has a 52-week high of $54.73.
Shares of Dunkin’ Brands Group Inc. (NASDAQ: DNKN) opened at $53.57 on Tuesday trading between $53.10 and $53.65, and last traded at $53.63, which is a spike of $0.34 or 0.64% compared to the previous closing price.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) currently has a market cap of 4.92B.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) Average Daily Trading Volume
The stock’s average daily volume is 1,262,770 shares out of a total float 86,564,000 and some 71,687 shares traded hands yesterday, lower than the norm. Momentum traders often use swings in trading volume to determine heavy volume accumulation or circulation by institutional investors, so look for trading volume to pick up in the coming days.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks expresses a positive signal to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts that investigate thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By following the activity of these professional investors and how they influence moving averages, traders can make well planned trades.
With that in mind, Dunkin’ Brands Group Inc. (NASDAQ: DNKN) now has a 50-day MA of $51.17 and 200-day MA of $48.26. It has traded in a 52-week range between $36.44 – 54.73 and today’s last price is 2.01%% lower than the 52 week high of $54.73.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors look for companies that have been successful at growing their earnings at least 25% or more for the past 3 years.
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