Benin Management CORP Sells 3,533 Shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)

Benin Management CORP lowered its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,855 shares of the restaurant operator’s stock after selling 3,533 shares during the period. Dunkin’ Brands Group makes up approximately 2.3% of Benin Management CORP’s investment 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 have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Dunkin’ Brands Group during the fourth quarter worth about $157,000. US Bancorp DE raised its stake 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 in the last quarter. OppenheimerFunds Inc. purchased a new stake in Dunkin’ Brands Group during the first quarter worth about $204,000. Barings LLC purchased a new stake in Dunkin’ Brands Group during the first quarter worth about $208,000. Finally, Chicago Equity Partners LLC purchased a new stake in Dunkin’ Brands Group during the first quarter worth about $213,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at 53.06 on Friday. The company’s 50 day moving average is $53.94 and its 200 day moving average is $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 capitalization of $4.79 billion, a P/E 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The company had revenue of $218.50 million for the quarter, compared to the consensus estimate of $220.77 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be issued a dividend of $0.3225 per share. The ex-dividend date is Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.43%. Dunkin’ Brands Group’s payout ratio is 56.33%.

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DNKN has been the topic of a number of recent analyst reports. 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. BMO Capital Markets upped their price objective on shares of Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of Dunkin’ Brands Group from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Royal Bank Of Canada upgraded shares of Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $54.00 to $64.00 in a research note on Monday, May 1st. Finally, 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 research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Dunkin’ Brands Group presently has an average rating of “Hold” and an average target price of $56.47.

In related news, SVP Karen Raskopf sold 33,000 shares of the business’s 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 transaction, the senior vice president now directly owns 33,000 shares in the company, valued at $1,742,400. The sale was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is currently 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.