Benin Management CORP cut its position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,855 shares of the restaurant operator’s stock after selling 3,533 shares during the period. Dunkin’ Brands Group accounts for 2.3% of Benin Management CORP’s holdings, making the stock its 14th largest position. Benin Management CORP’s holdings in Dunkin’ Brands Group were worth $5,394,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DNKN. Quantitative Systematic Strategies LLC acquired a new position in Dunkin’ Brands Group during the second quarter worth $686,000. Skylands Capital LLC raised its position in Dunkin’ Brands Group by 106.7% in the second quarter. Skylands Capital LLC now owns 50,850 shares of the restaurant operator’s stock worth $2,803,000 after buying an additional 26,250 shares during the period. US Bancorp DE raised its position in Dunkin’ Brands Group by 8.2% in the second quarter. US Bancorp DE now owns 3,792 shares of the restaurant operator’s stock worth $209,000 after buying an additional 287 shares during the period. State Treasurer State of Michigan raised its position in Dunkin’ Brands Group by 1.6% in the second quarter. State Treasurer State of Michigan now owns 38,000 shares of the restaurant operator’s stock worth $2,095,000 after buying an additional 600 shares during the period. Finally, Aperio Group LLC raised its position in Dunkin’ Brands Group by 8.5% in the second quarter. Aperio Group LLC now owns 26,582 shares of the restaurant operator’s stock worth $1,465,000 after buying an additional 2,093 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.
Dunkin’ Brands Group, Inc. (DNKN) traded up 0.08% during mid-day trading on Wednesday, reaching $53.27. 570,290 shares of the company traded hands. The stock has a market capitalization of $4.91 billion, a PE ratio of 24.00 and a beta of 0.22. Dunkin’ Brands Group, Inc. has a 52-week low of $43.81 and a 52-week high of $59.70. The stock has a 50-day moving average of $55.55 and a 200 day moving average of $54.78.
Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. Dunkin’ Brands Group had a net margin of 24.81% and a negative return on equity of 133.92%. The firm had revenue of $190.70 million during the quarter, compared to analyst estimates of $192.36 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. Dunkin’ Brands Group’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. BidaskClub lowered shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, July 17th. Finally, Bank of America Corporation restated a “neutral” rating and set a $62.00 price target (up previously from $60.00) on shares of Dunkin’ Brands Group in a report on Tuesday, June 13th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $55.80.
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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