Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) reached a new 52-week high during trading on Monday . The stock traded as high as $83.10 and last traded at $80.83, with a volume of 7956 shares. The stock had previously closed at $79.54.
Several research analysts have commented on the stock. BidaskClub upgraded shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Maxim Group cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a report on Monday, April 22nd. Credit Suisse Group began coverage on shares of Dunkin Brands Group in a report on Tuesday. They issued an “underperform” rating and a $70.00 target price on the stock. Wedbush upgraded shares of Dunkin Brands Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $76.00 to $92.00 in a report on Monday. Finally, Evercore ISI began coverage on shares of Dunkin Brands Group in a report on Tuesday, June 11th. They issued an “in-line” rating and a $78.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company’s stock. Dunkin Brands Group has a consensus rating of “Hold” and an average target price of $71.52.
The company has a market cap of $6.57 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.46 and a beta of 0.45. The business’s fifty day simple moving average is $76.49.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $319.10 million for the quarter, compared to analysts’ expectations of $312.38 million. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, analysts expect that Dunkin Brands Group Inc will post 3 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, June 3rd were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 31st. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 51.72%.
In other news, COO Scott Murphy sold 29,709 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $74.51, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Katherine D. Jaspon sold 4,894 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $74.94, for a total transaction of $366,756.36. Following the sale, the chief financial officer now owns 6,674 shares in the company, valued at approximately $500,149.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,641 shares of company stock worth $4,077,689. 1.70% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its position in shares of Dunkin Brands Group by 53.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 191,380 shares of the restaurant operator’s stock worth $14,372,000 after purchasing an additional 66,737 shares during the last quarter. Cerebellum GP LLC raised its position in Dunkin Brands Group by 27.8% in the 1st quarter. Cerebellum GP LLC now owns 4,349 shares of the restaurant operator’s stock worth $327,000 after buying an additional 945 shares during the last quarter. Fort L.P. raised its position in Dunkin Brands Group by 33.8% in the 1st quarter. Fort L.P. now owns 31,492 shares of the restaurant operator’s stock worth $2,365,000 after buying an additional 7,951 shares during the last quarter. Hilton Capital Management LLC purchased a new position in Dunkin Brands Group in the 1st quarter worth about $79,000. Finally, Jackson Square Partners LLC raised its position in Dunkin Brands Group by 7.4% in the 1st quarter. Jackson Square Partners LLC now owns 1,850,486 shares of the restaurant operator’s stock worth $138,971,000 after buying an additional 128,079 shares during the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
Dunkin Brands Group Company Profile (NASDAQ:DNKN)
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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