Benin Management CORP Decreases Position in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)

Benin Management CORP decreased its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,855 shares of the restaurant operator’s stock after selling 3,533 shares during the period. Dunkin’ Brands Group comprises approximately 2.3% of Benin Management CORP’s portfolio, making the stock its 14th largest position. Benin Management CORP owned 0.11% of Dunkin’ Brands Group worth $5,394,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Dunkin’ Brands Group during the fourth quarter valued at $157,000. Dimensional Fund Advisors LP increased its stake in Dunkin’ Brands Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,107 shares of the restaurant operator’s stock valued at $25,494,000 after buying an additional 12,344 shares during the period. Norges Bank acquired a new stake in Dunkin’ Brands Group during the fourth quarter valued at approximately $31,640,000. Teachers Advisors LLC increased its stake in Dunkin’ Brands Group by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 85,669 shares of the restaurant operator’s stock valued at $4,492,000 after buying an additional 4,291 shares during the period. Finally, CT Financial Advisors LLC increased its stake in Dunkin’ Brands Group by 10.5% in the first quarter. CT Financial Advisors LLC now owns 5,786 shares of the restaurant operator’s stock valued at $316,000 after buying an additional 551 shares during the period. 94.31% of the stock is currently owned by institutional investors.

Shares of Dunkin’ Brands Group, Inc. (DNKN) traded up 3.50% on Friday, reaching $54.93. 2,212,597 shares of the company’s stock traded hands. Dunkin’ Brands Group, Inc. has a 52 week low of $43.81 and a 52 week high of $59.70. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 24.09 and a beta of 0.21. The stock’s 50-day moving average price is $54.64 and its 200-day moving average price is $54.85.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Zacks’ 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. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio is 56.33%.

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DNKN has been the topic of several recent research reports. Maxim Group upped their price objective on shares of Dunkin’ Brands Group from $61.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 1st. BidaskClub upgraded shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada upgraded shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company 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 research report on Monday, May 15th. Finally, Citigroup Inc. reduced 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 research report on Tuesday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Dunkin’ Brands Group presently has a consensus rating of “Hold” and a consensus price target of $56.47.

In other news, SVP Karen Raskopf sold 33,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the transaction, the senior vice president now owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

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.