Arizona State Retirement System Has $2.14 Million Position in Dunkin’ Brands Group, Inc. (DNKN)

Arizona State Retirement System raised its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,900 shares of the restaurant operator’s stock after buying an additional 700 shares during the period. Arizona State Retirement System’s holdings in Dunkin’ Brands Group were worth $2,144,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Dunkin’ Brands Group by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 350,129 shares of the restaurant operator’s stock worth $19,146,000 after buying an additional 25,926 shares during the last quarter. Advisors Capital Management LLC increased its stake in Dunkin’ Brands Group by 7.5% in the second quarter. Advisors Capital Management LLC now owns 176,234 shares of the restaurant operator’s stock worth $9,714,000 after buying an additional 12,274 shares during the last quarter. State Street Corp increased its stake in Dunkin’ Brands Group by 2.8% in the first quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock worth $126,937,000 after buying an additional 63,426 shares during the last quarter. Creative Planning increased its stake in Dunkin’ Brands Group by 16.9% in the second quarter. Creative Planning now owns 10,466 shares of the restaurant operator’s stock worth $577,000 after buying an additional 1,512 shares during the last quarter. Finally, Skylands Capital LLC increased its stake in Dunkin’ Brands Group by 106.7% in the second quarter. Skylands Capital LLC now owns 50,850 shares of the restaurant operator’s stock worth $2,803,000 after buying an additional 26,250 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at 52.41 on Monday. The firm’s 50 day moving average is $53.65 and its 200-day moving average is $54.93. The company has a market cap of $4.73 billion, a PE ratio of 22.99 and a beta of 0.21. Dunkin’ Brands Group, Inc. has a 1-year low of $46.55 and a 1-year high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company had revenue of $218.50 million for the quarter, compared to analyst estimates of $220.77 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio is currently 56.33%.

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A number of brokerages recently issued reports on DNKN. Zacks Investment Research raised shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, July 17th. Bank of America Corporation reissued a “neutral” rating and issued a $62.00 price objective (up from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. Royal Bank Of Canada raised shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $54.00 to $64.00 in a research note on Monday, May 1st. Maxim Group reissued a “buy” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Finally, BMO Capital Markets lifted their price objective on shares of Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.72.

In related news, SVP Karen Raskopf sold 33,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

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 through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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