Zurcher Kantonalbank Zurich Cantonalbank Has $183,000 Stake in Dunkin’ Brands Group, Inc. (DNKN)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,315 shares of the restaurant operator’s stock after acquiring an additional 259 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dunkin’ Brands Group were worth $183,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Dunkin’ Brands Group by 1.8% during the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after acquiring an additional 63 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Dunkin’ Brands Group by 0.7% during the first quarter. Proficio Capital Partners LLC now owns 10,459 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 73 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock valued at $167,000 after acquiring an additional 109 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Dunkin’ Brands Group by 1.9% during the second quarter. Teacher Retirement System of Texas now owns 7,333 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 134 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of Dunkin’ Brands Group by 2.9% during the second quarter. World Asset Management Inc now owns 6,685 shares of the restaurant operator’s stock valued at $368,000 after acquiring an additional 190 shares during the period. 92.77% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on DNKN. Stephens reissued an “equal weight” rating and set a $54.00 price target on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. BidaskClub cut shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $58.84 to $68.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada restated an “outperform” rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. Finally, BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. Dunkin’ Brands Group has a consensus rating of “Hold” and a consensus price target of $57.95.

Dunkin’ Brands Group, Inc. (DNKN) opened at 52.03 on Friday. Dunkin’ Brands Group, Inc. has a 52 week low of $46.55 and a 52 week high of $59.70. The company has a 50-day moving average price of $52.56 and a 200-day moving average price of $54.72. The stock has a market cap of $4.70 billion, a PE ratio of 22.82 and a beta of 0.23.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

In other news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was 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 $1,742,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

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

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