OxFORD Asset Management LLP Reduces Position in Dunkin’ Brands Group, Inc. (DNKN)

OxFORD Asset Management LLP decreased its holdings in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,732 shares of the restaurant operator’s stock after selling 2,812 shares during the quarter. OxFORD Asset Management LLP owned 0.11% of Dunkin’ Brands Group worth $5,426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westfield Capital Management Co. LP raised its stake in Dunkin’ Brands Group by 11.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 977,879 shares of the restaurant operator’s stock worth $51,906,000 after acquiring an additional 98,615 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Dunkin’ Brands Group by 57.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,957 shares of the restaurant operator’s stock worth $316,000 after acquiring an additional 2,168 shares during the period. Dimensional Fund Advisors LP raised its stake in Dunkin’ Brands Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 511,581 shares of the restaurant operator’s stock worth $27,155,000 after acquiring an additional 1,465 shares during the period. Brown Advisory Inc. raised its stake in Dunkin’ Brands Group by 106.8% during the 3rd quarter. Brown Advisory Inc. now owns 12,761 shares of the restaurant operator’s stock worth $678,000 after acquiring an additional 6,591 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Dunkin’ Brands Group by 4.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 388,929 shares of the restaurant operator’s stock worth $20,645,000 after acquiring an additional 17,496 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at $61.00 on Wednesday. The stock has a market cap of $5,471.76, a P/E ratio of 24.93, a PEG ratio of 1.89 and a beta of 0.30. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. Dunkin’ Brands Group, Inc. has a 1 year low of $50.26 and a 1 year high of $61.53.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $224.20 million for the quarter, compared to the consensus estimate of $214.60 million. Dunkin’ Brands Group had a net margin of 24.91% and a negative return on equity of 140.12%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. sell-side analysts expect that Dunkin’ Brands Group, Inc. will post 2.42 EPS for the current year.

Dunkin’ Brands Group declared that its board has authorized a share repurchase plan on Thursday, October 26th that allows the company to repurchase $650.00 million in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Monday, November 27th will be issued a $0.322 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, November 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.

A number of equities research analysts have commented on DNKN shares. Royal Bank Of Canada restated an “outperform” rating and set a $64.00 target price on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. BidaskClub cut shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Cowen restated a “hold” rating and set a $55.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, September 1st. BMO Capital Markets restated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Finally, JMP Securities raised their target price on shares of Dunkin’ Brands Group from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Three investment 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. The company currently has a consensus rating of “Hold” and an average 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.

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

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