Cutler Group LP lifted its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 136.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 554 shares of the restaurant operator’s stock after buying an additional 320 shares during the quarter. Cutler Group LP’s holdings in Dunkin Brands Group were worth $43,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Private Capital Group LLC raised its holdings in shares of Dunkin Brands Group by 29.7% in the second quarter. Private Capital Group LLC now owns 529 shares of the restaurant operator’s stock worth $37,000 after buying an additional 121 shares during the period. Oakworth Capital Inc. purchased a new position in Dunkin Brands Group during the 2nd quarter worth $42,000. Kings Point Capital Management increased its holdings in Dunkin Brands Group by 253.3% during the 2nd quarter. Kings Point Capital Management now owns 530 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 380 shares during the period. NEXT Financial Group Inc purchased a new position in Dunkin Brands Group during the 2nd quarter worth $54,000. Finally, AdvisorNet Financial Inc increased its holdings in Dunkin Brands Group by 454.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 821 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 673 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.
In other Dunkin Brands Group news, insider John L. Clare sold 12,577 shares of Dunkin Brands Group stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $80.60, for a total transaction of $1,013,706.20. Following the completion of the sale, the insider now owns 33,622 shares of the company’s stock, valued at approximately $2,709,933.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nigel Travis sold 61,706 shares of Dunkin Brands Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $81.48, for a total value of $5,027,804.88. Following the sale, the director now directly owns 166,081 shares of the company’s stock, valued at approximately $13,532,279.88. The disclosure for this sale can be found here. Insiders sold a total of 124,077 shares of company stock valued at $10,123,627 in the last three months. Insiders own 1.70% of the company’s stock.
Shares of Dunkin Brands Group stock traded down $0.20 during trading on Monday, reaching $73.70. The company’s stock had a trading volume of 477,339 shares, compared to its average volume of 691,602. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.47 and a beta of 0.45. Dunkin Brands Group Inc has a 1-year low of $61.69 and a 1-year high of $84.74. The company has a 50-day simple moving average of $78.37 and a two-hundred day simple moving average of $78.53.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The firm had revenue of $359.30 million during the quarter, compared to analysts’ expectations of $360.32 million. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. As a group, equities analysts predict that Dunkin Brands Group Inc will post 3.05 EPS for the current year.
DNKN has been the topic of several recent research reports. Wells Fargo & Co increased their target price on Dunkin Brands Group from $68.00 to $78.00 and gave the company a “market perform” rating in a research report on Monday, July 15th. Longbow Research reaffirmed a “hold” rating on shares of Dunkin Brands Group in a research report on Tuesday, September 24th. BidaskClub cut Dunkin Brands Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group initiated coverage on Dunkin Brands Group in a research report on Monday, July 29th. They set a “neutral” rating and a $85.00 target price on the stock. Finally, Zacks Investment Research cut Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Dunkin Brands Group presently has an average rating of “Hold” and a consensus price target of $80.14.
Dunkin Brands Group Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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