Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) - Equities researchers at Wedbush lowered their Q4 2017 earnings per share estimates for shares of Dunkin’ Brands Group in a research report issued on Thursday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.67. Wedbush currently has a “Hold” rating and a $54.00 price target on the stock. Wedbush also issued estimates for Dunkin’ Brands Group’s Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.76 EPS and FY2018 earnings at $2.66 EPS.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $220.77 million. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS.
Several other brokerages have also recently commented on DNKN. Maxim Group boosted their target price on Dunkin’ Brands Group from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Royal Bank Of Canada raised Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 1st. BMO Capital Markets boosted their target price on Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 15th. Citigroup Inc. dropped their target price on Dunkin’ Brands Group from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 11th. Finally, Zacks Investment Research raised Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.47.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) opened at 52.75 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 23.14 and a beta of 0.22. Dunkin’ Brands Group has a 12-month low of $43.81 and a 12-month high of $59.70. The company has a 50 day moving average price of $54.86 and a 200-day moving average price of $54.78.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be given a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 24th. Dunkin’ Brands Group’s payout ratio is 56.33%.
A number of institutional investors have recently bought and sold shares of DNKN. Russell Investments Group Ltd. purchased a new position in Dunkin’ Brands Group during the fourth quarter valued at $157,000. US Bancorp DE boosted its position in Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares during the last quarter. Boston Advisors LLC purchased a new position in Dunkin’ Brands Group during the second quarter valued at $202,000. OppenheimerFunds Inc. purchased a new position in Dunkin’ Brands Group during the first quarter valued at $204,000. Finally, Barings LLC purchased a new position in Dunkin’ Brands Group during the first quarter valued at $208,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.
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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