Benin Management CORP lessened its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,491 shares of the restaurant operator’s stock after selling 2,245 shares during the quarter. Dunkin Brands Group makes up 1.1% of Benin Management CORP’s holdings, making the stock its 20th biggest holding. Benin Management CORP’s holdings in Dunkin Brands Group were worth $2,690,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of DNKN. Coastline Trust Co lifted its holdings in Dunkin Brands Group by 5.2% in the third quarter. Coastline Trust Co now owns 15,060 shares of the restaurant operator’s stock valued at $1,110,000 after buying an additional 750 shares during the period. Alta Capital Management LLC acquired a new position in Dunkin Brands Group in the third quarter valued at $256,000. First Hawaiian Bank acquired a new position in Dunkin Brands Group in the third quarter valued at $110,000. State of New Jersey Common Pension Fund D lifted its holdings in Dunkin Brands Group by 40.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 70,000 shares of the restaurant operator’s stock valued at $5,160,000 after buying an additional 20,000 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Dunkin Brands Group by 11.4% in the third quarter. Bank of Montreal Can now owns 39,735 shares of the restaurant operator’s stock valued at $2,930,000 after buying an additional 4,060 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.
In other Dunkin Brands Group news, Chairman Nigel Travis sold 137,606 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $71.15, for a total value of $9,790,666.90. Following the transaction, the chairman now directly owns 385,187 shares in the company, valued at $27,406,055.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Maceda sold 7,103 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $71.89, for a total transaction of $510,634.67. Following the sale, the senior vice president now owns 3,771 shares in the company, valued at $271,097.19. The disclosure for this sale can be found here. Insiders sold a total of 739,693 shares of company stock valued at $51,896,387 over the last ninety days. 3.00% of the stock is currently owned by insiders.
Shares of NASDAQ DNKN traded up $0.28 during trading on Wednesday, hitting $74.47. 65,088 shares of the company traded hands, compared to its average volume of 999,232. Dunkin Brands Group Inc has a fifty-two week low of $53.68 and a fifty-two week high of $77.13. The firm has a market capitalization of $6.18 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.18 and a beta of 0.35. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of -3.72.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The firm had revenue of $350.64 million for the quarter, compared to analyst estimates of $343.38 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Dunkin Brands Group Inc will post 2.72 EPS for the current year.
Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating and issued a $75.00 target price on shares of Dunkin Brands Group in a report on Friday, July 27th. BMO Capital Markets boosted their target price on shares of Dunkin Brands Group from $69.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Robert W. Baird restated a “buy” rating and issued a $80.00 target price on shares of Dunkin Brands Group in a report on Thursday, July 26th. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $70.00 target price (up previously from $62.00) on shares of Dunkin Brands Group in a report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.68.
About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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