Dunkin Brands Group Inc (DNKN) Rating Lowered to Sell at BidaskClub

Dunkin Brands Group Inc (NASDAQ:DNKN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, July 19th.

Several other brokerages have also commented on DNKN. Goldman Sachs Group, Inc. (The) lowered shares of Dunkin Brands Group from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $48.00 to $47.00 in a research note on Wednesday, March 29th. They noted that the move was a valuation call. Maxim Group increased their price target on shares of Dunkin Brands Group from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Royal Bank Of Canada upgraded shares of Dunkin Brands Group from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $54.00 to $64.00 in a research note on Monday, May 1st. BMO Capital Markets upped their price objective on shares of Dunkin Brands Group from $46.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, May 15th. Finally, Citigroup Inc. decreased their price objective on shares of Dunkin Brands Group from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Dunkin Brands Group presently has a consensus rating of “Hold” and a consensus target price of $56.47.

Dunkin Brands Group (NASDAQ DNKN) traded up 0.427% during trading on Wednesday, hitting $52.975. 894,397 shares of the company traded hands. The firm has a market cap of $4.84 billion, a P/E ratio of 23.235 and a beta of 0.22. Dunkin Brands Group has a one year low of $43.81 and a one year high of $59.70. The firm has a 50 day moving average of $54.86 and a 200 day moving average of $54.78.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $218.50 million for the quarter, compared to analyst estimates of $220.77 million. During the same quarter last year, the company earned $0.57 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect that Dunkin Brands Group will post $2.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by [[site]] and is the sole property of of [[site]]. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at [[permalink]].

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased 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 worth $191,000 after buying an additional 63 shares during the last quarter. Proficio Capital Partners LLC increased its position in Dunkin Brands Group by 0.7% in the first quarter. Proficio Capital Partners LLC now owns 10,459 shares of the restaurant operator’s stock worth $593,000 after buying an additional 73 shares during the last quarter. Russell Investments Group Ltd. increased its position in Dunkin Brands Group by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after buying an additional 109 shares during the last quarter. Creative Planning increased its position in Dunkin Brands Group by 1.6% in the first quarter. Creative Planning now owns 8,954 shares of the restaurant operator’s stock worth $490,000 after buying an additional 140 shares during the last quarter. Finally, World Asset Management Inc increased its position in Dunkin Brands Group by 2.9% in the second quarter. World Asset Management Inc now owns 6,685 shares of the restaurant operator’s stock worth $368,000 after buying an additional 190 shares during the last quarter. 94.31% of the stock is owned by institutional investors.

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.