Bremer Bank National Association bought a new position in Dunkin Brands Group Inc (NASDAQ:DNKN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 546 shares of the restaurant operator’s stock, valued at approximately $41,000.
Other hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. grew its position in shares of Dunkin Brands Group by 525.9% during the 1st quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock worth $27,000 after buying an additional 305 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in Dunkin Brands Group in the first quarter valued at about $29,000. Oregon Public Employees Retirement Fund raised its stake in Dunkin Brands Group by 6,312.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,073,384 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 2,041,048 shares during the last quarter. Arrow Financial Corp raised its stake in Dunkin Brands Group by 430.0% in the fourth quarter. Arrow Financial Corp now owns 530 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 430 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in Dunkin Brands Group in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 88.99% of the company’s stock.
Shares of NASDAQ:DNKN traded down $0.40 during trading on Wednesday, reaching $79.56. The stock had a trading volume of 591,985 shares, compared to its average volume of 772,156. The stock has a fifty day moving average of $76.49. The company has a market cap of $6.69 billion, a PE ratio of 27.43, a PEG ratio of 2.50 and a beta of 0.46. Dunkin Brands Group Inc has a 1-year low of $61.69 and a 1-year high of $83.22.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $319.10 million for the quarter, compared to analyst estimates of $312.38 million. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. On average, equities analysts anticipate that Dunkin Brands Group Inc will post 3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, May 31st. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 51.72%.
A number of research firms have commented on DNKN. BidaskClub upgraded Dunkin Brands Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Maxim Group cut Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research note on Monday, April 22nd. BMO Capital Markets cut Dunkin Brands Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Oppenheimer began coverage on Dunkin Brands Group in a research note on Tuesday, March 26th. They issued a “market perform” rating for the company. Finally, Credit Suisse Group began coverage on Dunkin Brands Group in a research note on Tuesday. They issued an “underperform” rating and a $70.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the company. Dunkin Brands Group has an average rating of “Hold” and an average price target of $71.52.
In related news, COO Scott Murphy sold 29,709 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $74.51, for a total value of $2,213,617.59. Following the sale, the chief operating officer now owns 11,882 shares in the company, valued at approximately $885,327.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John L. Clare sold 8,367 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $75.00, for a total value of $627,525.00. Following the completion of the sale, the insider now owns 29,412 shares in the company, valued at approximately $2,205,900. The disclosure for this sale can be found here. Insiders have sold 54,641 shares of company stock worth $4,077,689 in the last three months. 1.70% of the stock is currently owned by corporate insiders.
About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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