BMO Capital Markets set a $64.00 price objective on Dunkin Brands Group (NASDAQ:DNKN) in a research report sent to investors on Friday. The brokerage currently has a hold rating on the restaurant operator’s stock.
DNKN has been the topic of a number of other research reports. BidaskClub raised shares of Dunkin Brands Group from a hold rating to a buy rating in a report on Thursday, December 21st. Cowen reaffirmed a hold rating and set a $55.00 target price on shares of Dunkin Brands Group in a report on Friday, October 27th. Maxim Group upped their target price on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a buy rating in a report on Tuesday, January 2nd. Mizuho lowered shares of Dunkin Brands Group from a neutral rating to an underperform rating and set a $56.00 target price on the stock. in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a buy rating and issued a $63.00 price target on shares of Dunkin Brands Group in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Dunkin Brands Group currently has an average rating of Hold and a consensus price target of $60.79.
Dunkin Brands Group (NASDAQ:DNKN) traded up $1.19 on Friday, reaching $64.39. 579,100 shares of the company’s stock traded hands, compared to its average volume of 739,111. Dunkin Brands Group has a 12-month low of $50.54 and a 12-month high of $66.44. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. The company has a market capitalization of $5,870.00, a P/E ratio of 28.12, a P/E/G ratio of 1.64 and a beta of 0.30.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). Dunkin Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. During the same period last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. analysts forecast that Dunkin Brands Group will post 2.42 earnings per share for the current fiscal year.
Dunkin Brands Group announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC bought a new stake in Dunkin Brands Group during the 2nd quarter valued at about $104,000. L & S Advisors Inc increased its stake in Dunkin Brands Group by 1.7% during the 2nd quarter. L & S Advisors Inc now owns 7,765 shares of the restaurant operator’s stock valued at $428,000 after purchasing an additional 130 shares in the last quarter. Quantum Capital Management increased its stake in Dunkin Brands Group by 0.7% during the 2nd quarter. Quantum Capital Management now owns 24,535 shares of the restaurant operator’s stock valued at $1,352,000 after purchasing an additional 171 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dunkin Brands Group by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock valued at $183,000 after purchasing an additional 259 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Dunkin Brands Group by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 73,424 shares of the restaurant operator’s stock valued at $4,047,000 after purchasing an additional 426 shares in the last quarter. 90.68% of the stock is owned by institutional investors.
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About Dunkin Brands Group
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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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