Zacks Investment Research upgraded shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) from a sell rating to a hold rating in a research report report published on Monday morning.
According to Zacks, “Dunkin’ Brands’ earnings topped the Zacks Consensus Estimate in the last ten quarters. The licensing deals with KeurigGreenMountain and J.M. Smucker to sell Dunkin' K-Cup pods to retailers as well as online customers continue to expand Dunkin’s brand reach. The topline should gain from menu innovation and unit expansion plans. Also, the company’s franchised business model, sales initiatives like product launches, loyalty program along with enhanced digital offerings also bode well. Increased focus on establishing itself as a beverage leader should aid sales, going forward. Estimates are stable ahead of its third-quarter earnings release. Yet, the company’s shares underperformed its industry in the last year. Intense competition, soft consumer spending sitution and a shift in ice cream consumption in the United States raise concerns. Challenging comps growth in international markets at both its divisions is a headwind.”
Several other equities analysts also recently issued reports on the company. JMP Securities boosted their price objective on Dunkin’ Brands Group from $59.00 to $62.00 and gave the stock an outperform rating in a research report on Wednesday, September 6th. BMO Capital Markets reiterated a hold rating on shares of Dunkin’ Brands Group in a research report on Wednesday, September 6th. Cowen and Company reiterated a hold rating and set a $55.00 price objective on shares of Dunkin’ Brands Group in a research report on Friday, September 1st. BidaskClub upgraded Dunkin’ Brands Group from a sell rating to a hold rating in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a $64.00 price objective on shares of Dunkin’ Brands Group in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $58.32.
Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded up 1.00% during trading on Monday, hitting $56.52. The stock had a trading volume of 59,092 shares. Dunkin’ Brands Group has a one year low of $46.55 and a one year high of $59.70. The firm’s 50-day moving average is $53.49 and its 200-day moving average is $54.54. The firm has a market cap of $5.10 billion, a P/E ratio of 24.79 and a beta of 0.24.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ 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 company had revenue of $218.50 million during the quarter, compared to the consensus estimate of $220.77 million. During the same period in the previous year, the firm posted $0.57 earnings per share. Dunkin’ Brands Group’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Dunkin’ Brands Group will post $2.43 EPS for the current year.
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In related news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Navellier & Associates Inc raised its holdings in Dunkin’ Brands Group by 5.2% during the second quarter. Navellier & Associates Inc now owns 94,229 shares of the restaurant operator’s stock worth $5,194,000 after purchasing an additional 4,658 shares in the last quarter. Cetera Investment Advisers bought a new stake in Dunkin’ Brands Group during the second quarter worth approximately $278,000. Piedmont Investment Advisors LLC raised its holdings in Dunkin’ Brands Group by 43.4% during the second quarter. Piedmont Investment Advisors LLC now owns 35,933 shares of the restaurant operator’s stock worth $1,981,000 after purchasing an additional 10,879 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Dunkin’ Brands Group by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 27,578 shares of the restaurant operator’s stock worth $1,520,000 after purchasing an additional 476 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Dunkin’ Brands Group during the second quarter worth approximately $316,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
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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