Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) Stake Increased by Texas Permanent School Fund

Texas Permanent School Fund boosted its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,285 shares of the restaurant operator’s stock after buying an additional 721 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Dunkin’ Brands Group worth $3,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DNKN. Russell Investments Group Ltd. bought a new stake in shares of Dunkin’ Brands Group during the fourth quarter worth approximately $157,000. US Bancorp DE boosted 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 valued at $191,000 after buying an additional 63 shares in the last quarter. Boston Advisors LLC acquired a new stake in Dunkin’ Brands Group during the second quarter valued at about $202,000. OppenheimerFunds Inc. acquired a new stake in Dunkin’ Brands Group during the first quarter valued at about $204,000. Finally, Barings LLC acquired a new stake in Dunkin’ Brands Group during the first quarter valued at about $208,000. Institutional investors own 97.91% of the company’s stock.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down 0.02% during mid-day trading on Monday, reaching $53.05. The company’s stock had a trading volume of 828,858 shares. The company’s 50-day moving average is $53.94 and its 200-day moving average is $54.89. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 23.27 and a beta of 0.21. Dunkin’ Brands Group, Inc. has a 52 week low of $46.55 and a 52 week high of $59.70.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its earnings results 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 firm had revenue of $218.50 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Equities analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.

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

DNKN has been the subject of several research analyst reports. Zacks Investment Research upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, July 17th. Bank of America Corporation reissued a “neutral” rating and set a $62.00 price target (up from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. Royal Bank Of Canada raised Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $54.00 to $64.00 in a research note on Monday, May 1st. Maxim Group reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Finally, BMO Capital Markets raised their price objective on 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock 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 company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the sale, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $1,742,400. The sale was disclosed in a document filed with the SEC, which is available at 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.