Mcrae Capital Management Inc. Acquires 1,852 Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)

Mcrae Capital Management Inc. boosted its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,441 shares of the restaurant operator’s stock after buying an additional 1,852 shares during the period. Dunkin’ Brands Group comprises 3.5% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Mcrae Capital Management Inc. owned approximately 0.17% of Dunkin’ Brands Group worth $8,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Janus Capital Management LLC raised its position in shares of Dunkin’ Brands Group by 8.4% in the first quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after buying an additional 754,740 shares during the last quarter. BlackRock Inc. raised its position in shares of Dunkin’ Brands Group by 13,874.6% in the first quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock worth $392,023,000 after buying an additional 7,118,061 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dunkin’ Brands Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 7,161,989 shares of the restaurant operator’s stock worth $391,619,000 after buying an additional 317,076 shares during the last quarter. State Street Corp raised its position in shares of Dunkin’ Brands Group by 2.8% in the first quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock worth $126,937,000 after buying an additional 63,426 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dunkin’ Brands Group by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 1,169,157 shares of the restaurant operator’s stock worth $63,929,000 after buying an additional 52,786 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded up 0.61% on Friday, hitting $53.06. 667,082 shares of the stock were exchanged. The company has a 50-day moving average price of $53.94 and a 200 day moving average price of $54.89. Dunkin’ Brands Group, Inc. has a 12 month low of $46.55 and a 12 month high of $59.70. The company has a market cap of $4.79 billion, a PE ratio of 23.27 and a beta of 0.21.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million during the quarter, compared to analyst estimates of $220.77 million. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. Dunkin’ Brands Group’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities analysts forecast that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current fiscal year.

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 paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, August 24th. Dunkin’ Brands Group’s payout ratio is 56.33%.

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Several analysts recently issued reports on the stock. Bank of America Corporation reiterated a “neutral” rating and set a $62.00 price target (up previously from $60.00) on shares of Dunkin’ Brands Group in a research report on Tuesday, June 13th. BMO Capital Markets increased their price target on shares of Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Maxim Group reiterated a “buy” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research report on Thursday, July 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a research note on Thursday, August 3rd. Finally, Argus raised shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $58.84 to $68.00 in a research note on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $56.47.

In other Dunkin’ Brands Group news, SVP Karen Raskopf sold 33,000 shares of Dunkin’ Brands Group stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at $1,742,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

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