Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)‘s stock had its “hold” rating restated by equities researchers at Wedbush in a research note issued to investors on Friday, October 27th. They presently have a $56.00 price target on the restaurant operator’s stock. Wedbush’s target price points to a potential downside of 0.96% from the stock’s current price. Wedbush also issued estimates for Dunkin’ Brands Group’s FY2017 earnings at $2.42 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.65 EPS and Q3 2018 earnings at $0.72 EPS.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, July 17th. Royal Bank of Canada restated a “buy” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Maxim Group reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a report on Thursday, July 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Dunkin’ Brands Group in a report on Friday, October 20th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Dunkin’ Brands Group has a consensus rating of “Hold” and an average price target of $58.58.
Dunkin’ Brands Group (NASDAQ:DNKN) traded up $0.14 on Friday, reaching $56.54. The company had a trading volume of 813,400 shares, compared to its average volume of 1,311,351. Dunkin’ Brands Group has a twelve month low of $48.53 and a twelve month high of $60.66. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of -13.82. The company has a market cap of $5,094.21, a PE ratio of 23.21, a PEG ratio of 1.75 and a beta of 0.30.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. analysts predict that Dunkin’ Brands Group will post 2.42 earnings per share for the current year.
Dunkin’ Brands Group announced that its board has authorized a stock repurchase plan on Thursday, October 26th that allows the company to repurchase $650.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
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A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in Dunkin’ Brands Group in the second quarter valued at about $474,315,000. BlackRock Inc. boosted its stake in Dunkin’ Brands Group by 1.4% in the second quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock valued at $400,787,000 after buying an additional 101,819 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dunkin’ Brands Group by 1.4% in the second quarter. Vanguard Group Inc. now owns 7,265,562 shares of the restaurant operator’s stock valued at $400,478,000 after buying an additional 103,573 shares in the last quarter. State Street Corp boosted its stake in Dunkin’ Brands Group by 1.6% in the second quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after buying an additional 36,032 shares in the last quarter. Finally, First Manhattan Co. boosted its stake in Dunkin’ Brands Group by 7.1% in the third quarter. First Manhattan Co. now owns 1,464,062 shares of the restaurant operator’s stock valued at $77,712,000 after buying an additional 97,099 shares in the last quarter. 93.08% of the stock is currently owned by institutional investors and hedge funds.
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.
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