Dunkin’ Brands Group, Inc. (DNKN) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. trimmed its position in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 35.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,547 shares of the restaurant operator’s stock after selling 136,210 shares during the quarter. Prudential Financial Inc. owned approximately 0.27% of Dunkin’ Brands Group worth $13,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. acquired a new position in shares of Dunkin’ Brands Group in the first quarter worth approximately $204,000. Teachers Advisors LLC lifted its stake in shares of Dunkin’ Brands Group by 4.9% in the first quarter. Teachers Advisors LLC now owns 89,830 shares of the restaurant operator’s stock worth $4,912,000 after acquiring an additional 4,161 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dunkin’ Brands Group by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 502,823 shares of the restaurant operator’s stock worth $27,496,000 after acquiring an additional 16,716 shares during the period. Creative Planning lifted its stake in shares of Dunkin’ Brands Group by 16.9% in the second quarter. Creative Planning now owns 10,466 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 1,512 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Dunkin’ Brands Group by 4.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,759 shares of the restaurant operator’s stock worth $1,861,000 after acquiring an additional 1,477 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) traded down $0.98 during midday trading on Wednesday, reaching $60.02. The company’s stock had a trading volume of 717,765 shares, compared to its average volume of 1,269,982. The company has a market cap of $5,471.76, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.89 and a beta of 0.30. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin’ Brands Group, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $61.54.

Dunkin’ Brands Group (NASDAQ:DNKN) last announced its 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). The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $214.60 million. Dunkin’ Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. Dunkin’ Brands Group’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. sell-side analysts expect that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Monday, November 27th will be given a dividend of $0.322 per share. The ex-dividend date is Friday, November 24th. This represents a $1.29 annualized dividend and a dividend yield of 2.15%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

Dunkin’ Brands Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 26th that permits the company to buyback $650.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

DNKN has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. BidaskClub downgraded Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Cowen restated a “hold” rating and set a $55.00 price objective on shares of Dunkin’ Brands Group in a report on Friday, September 1st. BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a report on Wednesday, September 6th. Finally, JMP Securities upped their price target on Dunkin’ Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.58.

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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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