Published On: Wed, Sep 14th, 2016

Dunkin’ Brands Group Inc. (DNKN) Short Interest Up 17.6% in August

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 11,718,781 shares, an increase of 17.6% from the August 15th total of 9,964,309 shares. Based on an average daily trading volume, of 1,473,531 shares, the short-interest ratio is currently 8.0 days. Currently, 12.8% of the shares of the stock are sold short.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) opened at 48.15 on Wednesday. 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 $4.42 billion, a P/E ratio of 36.59 and a beta of 0.17. The stock has a 50 day moving average price of $47.46 and a 200 day moving average price of $46.32.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data 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 had revenue of $216.30 million for the quarter, compared to analyst estimates of $219.88 million. Dunkin’ Brands Group had a negative return on equity of 106.20% and a net margin of 15.13%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, equities analysts expect that Dunkin’ Brands Group will post $2.21 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, August 18th. Dunkin’ Brands Group’s dividend payout ratio is currently 90.91%.
In related news, insider William M. Mitchell sold 5,648 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $45.87, for a total transaction of $259,073.76. Following the transaction, the insider now owns 5,648 shares in the company, valued at approximately $259,073.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John H. Costello sold 12,782 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $45.15, for a total transaction of $577,107.30. Following the transaction, the insider now owns 19,671 shares in the company, valued at approximately $888,145.65. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of DNKN. CLS Investments LLC raised its position in Dunkin’ Brands Group by 72.7% in the first quarter. CLS Investments LLC now owns 20,773 shares of the company’s stock worth $980,000 after buying an additional 8,743 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Dunkin’ Brands Group by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 178,126 shares of the company’s stock worth $8,402,000 after buying an additional 1,612 shares in the last quarter. Ngam Advisors L.P. raised its position in Dunkin’ Brands Group by 462.2% in the first quarter. Ngam Advisors L.P. now owns 61,575 shares of the company’s stock worth $2,904,000 after buying an additional 50,623 shares in the last quarter. WASHINGTON TRUST Co raised its position in Dunkin’ Brands Group by 5.8% in the first quarter. WASHINGTON TRUST Co now owns 80,670 shares of the company’s stock worth $3,805,000 after buying an additional 4,396 shares in the last quarter. Finally, Aperio Group LLC raised its position in Dunkin’ Brands Group by 49.0% in the first quarter. Aperio Group LLC now owns 16,277 shares of the company’s stock worth $768,000 after buying an additional 5,355 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the stock. Credit Agricole SA downgraded shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $53.00 to $49.00 in a research report on Thursday, July 28th. Credit Suisse Group AG reissued a “buy” rating on shares of Dunkin’ Brands Group in a report on Monday, July 18th. Goldman Sachs Group Inc. boosted their price objective on Dunkin’ Brands Group from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Longbow Research reissued an “underperform” rating and set a $34.00 price objective on shares of Dunkin’ Brands Group in a report on Monday, August 15th. Finally, Citigroup Inc. boosted their price objective on Dunkin’ Brands Group from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. Three 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $47.77.
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 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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