Published On: Thu, Sep 8th, 2016

Dunkin’ Brands Group Inc. (DNKN) Rating Reiterated by Robert W. Baird

Dunkin’ Brands Group Inc. (NASDAQ:DNKN)‘s stock had its “outperform” rating reissued by equities research analysts at Robert W. Baird in a research report issued on Thursday.
Several hedge funds recently bought and sold shares of the stock. Wagner Bowman Management Corp increased its stake in Dunkin’ Brands Group by 1.3% in the first quarter. Wagner Bowman Management Corp now owns 9,399 shares of the company’s stock valued at $443,000 after buying an additional 119 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Dunkin’ Brands Group by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 53,025 shares of the company’s stock valued at $2,501,000 after buying an additional 198 shares in the last quarter. Northstar Group Inc. increased its stake in Dunkin’ Brands Group by 1.4% in the second quarter. Northstar Group Inc. now owns 14,625 shares of the company’s stock valued at $638,000 after buying an additional 200 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Dunkin’ Brands Group by 10.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,714 shares of the company’s stock valued at $118,000 after buying an additional 250 shares in the last quarter. Finally, Mariner Wealth Advisors LLC increased its stake in Dunkin’ Brands Group by 4.7% in the first quarter. Mariner Wealth Advisors LLC now owns 5,902 shares of the company’s stock valued at $278,000 after buying an additional 266 shares in the last quarter. 98.29% of the stock is owned by hedge funds and other institutional investors.
In other news, insider John H. Costello sold 12,782 shares of Dunkin’ Brands Group stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $45.15, for a total transaction of $577,107.30. Following the completion of the sale, the insider now owns 19,671 shares of the company’s stock, valued at $888,145.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William M. Mitchell sold 5,648 shares of Dunkin’ Brands Group stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $45.87, for a total transaction of $259,073.76. Following the sale, the insider now directly owns 5,648 shares of the company’s stock, valued at approximately $259,073.76. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

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A number of other equities analysts have also recently commented on DNKN. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dunkin’ Brands Group in a report on Thursday, June 30th. Goldman Sachs Group raised their target price on Dunkin’ Brands Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. BTIG Research reaffirmed a “neutral” rating on shares of Dunkin’ Brands Group in a report on Thursday, July 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $46.00 target price on shares of Dunkin’ Brands Group in a report on Friday, July 22nd. Finally, Credit Agricole SA cut Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $53.00 to $49.00 in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.07.
Dunkin’ Brands Group (NASDAQ:DNKN) traded down 0.48% during mid-day trading on Thursday, reaching $49.27. The company’s stock had a trading volume of 63,830 shares. The company has a 50-day moving average price of $47.35 and a 200-day moving average price of $46.23. Dunkin’ Brands Group has a 12-month low of $36.44 and a 12-month high of $50.64. The firm has a market cap of $4.52 billion and a PE ratio of 37.44.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, July 21st. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The company earned $216.30 million during the quarter, compared to the consensus estimate of $219.88 million. Dunkin’ Brands Group’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. On average, equities research analysts expect that Dunkin’ Brands Group will post $2.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, August 18th.
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 its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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