Dunkin Brands Group (NASDAQ:DNKN) had its price target boosted by analysts at Morgan Stanley from $67.00 to $70.00 in a note issued to investors on Monday. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s target price suggests a potential downside of 3.01% from the company’s current price.
Several other brokerages also recently issued reports on DNKN. ValuEngine downgraded shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. BidaskClub raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th. BTIG Research reaffirmed a “hold” rating on shares of Dunkin Brands Group in a report on Sunday, April 29th. Barclays upped their price objective on shares of Dunkin Brands Group from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, June 7th. Finally, Maxim Group upped their price objective on shares of Dunkin Brands Group from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $65.35.
Get Dunkin Brands Group alerts:Shares of Dunkin Brands Group opened at $72.17 on Monday, according to MarketBeat Ratings. Dunkin Brands Group has a 1 year low of $50.89 and a 1 year high of $72.37. The firm has a market cap of $5.93 billion, a PE ratio of 29.72, a PEG ratio of 2.08 and a beta of 0.34. The company has a debt-to-equity ratio of -3.54, a current ratio of 1.50 and a quick ratio of 1.50.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. Dunkin Brands Group had a net margin of 36.40% and a negative return on equity of 75.12%. The company had revenue of $301.30 million during the quarter, compared to the consensus estimate of $303.72 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts anticipate that Dunkin Brands Group will post 2.74 earnings per share for the current year.
In other Dunkin Brands Group news, CEO Nigel Travis sold 60,000 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $62.16, for a total value of $3,729,600.00. Following the sale, the chief executive officer now directly owns 308,254 shares in the company, valued at $19,161,068.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Katherine D. Jaspon sold 1,530 shares of the business’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $64.84, for a total transaction of $99,205.20. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of DNKN. Amundi Pioneer Asset Management Inc. bought a new stake in Dunkin Brands Group in the fourth quarter worth about $2,824,000. Raymond James & Associates raised its position in Dunkin Brands Group by 4.1% in the fourth quarter. Raymond James & Associates now owns 47,968 shares of the restaurant operator’s stock worth $3,092,000 after acquiring an additional 1,906 shares in the last quarter. Teachers Advisors LLC raised its position in Dunkin Brands Group by 45.1% in the fourth quarter. Teachers Advisors LLC now owns 141,367 shares of the restaurant operator’s stock worth $9,114,000 after acquiring an additional 43,948 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Dunkin Brands Group by 1.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 349,311 shares of the restaurant operator’s stock worth $22,520,000 after acquiring an additional 4,330 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Dunkin Brands Group by 11.9% during the 4th quarter. LPL Financial LLC now owns 9,883 shares of the restaurant operator’s stock worth $637,000 after buying an additional 1,050 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.
Dunkin Brands Group Company Profile
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.
Read More: How do investors use RSI to grade stocks?
No comments:
Post a Comment