Dunkin Brands Group Inc (DNKN) Forecasted to Earn Q1 2018 Earnings of $0.56 Per Share

Dunkin Brands Group Inc (NASDAQ:DNKN) – Equities research analysts at Jefferies Group cut their Q1 2018 earnings estimates for Dunkin Brands Group in a note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.57. Jefferies Group has a “Hold” rating and a $56.00 price objective on the stock. Jefferies Group also issued estimates for Dunkin Brands Group’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.74 EPS and FY2019 earnings at $3.01 EPS.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The firm had revenue of $227.10 million during the quarter, compared to analysts’ expectations of $220.54 million. During the same period last year, the firm posted $0.64 EPS. The business’s revenue was up 5.3% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird set a $66.00 price target on Dunkin Brands Group and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Thursday, January 4th. Maxim Group lifted their target price on Dunkin Brands Group from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Credit Suisse Group reissued a “buy” rating and issued a $68.00 target price (up from $61.00) on shares of Dunkin Brands Group in a research note on Thursday, December 21st. Finally, BidaskClub raised Dunkin Brands Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.20.

Dunkin Brands Group (DNKN) traded up $0.61 during mid-day trading on Friday, reaching $61.31. The company had a trading volume of 939,100 shares, compared to its average volume of 1,198,315. Dunkin Brands Group has a 12-month low of $50.89 and a 12-month high of $68.45. The firm has a market cap of $5,482.60, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.70 and a beta of 0.21. The company has a debt-to-equity ratio of 361.71, a current ratio of 2.79 and a quick ratio of 1.43.

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Dunkin Brands Group by 0.3% in the third quarter. Janus Henderson Group PLC now owns 8,626,960 shares of the restaurant operator’s stock valued at $457,919,000 after purchasing an additional 21,819 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Dunkin Brands Group by 0.7% in the fourth quarter. BlackRock Inc. now owns 7,322,621 shares of the restaurant operator’s stock valued at $472,088,000 after purchasing an additional 51,795 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 purchasing an additional 36,032 shares in the last quarter. Jackson Square Partners LLC lifted its holdings in shares of Dunkin Brands Group by 2.7% in the fourth quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock valued at $117,223,000 after purchasing an additional 47,703 shares in the last quarter. Finally, First Manhattan Co. lifted its holdings in shares of Dunkin Brands Group by 9.4% in the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock valued at $103,223,000 after purchasing an additional 137,051 shares in the last quarter. Institutional investors own 85.24% of the company’s stock.

In other Dunkin Brands Group news, CEO Nigel Travis sold 57,296 shares of Dunkin Brands Group stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $63.24, for a total transaction of $3,623,399.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Scott Murphy sold 4,750 shares of Dunkin Brands Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $61.83, for a total value of $293,692.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,212 shares of company stock worth $10,500,191. Corporate insiders own 3.10% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be issued a dividend of $0.3475 per share. The ex-dividend date of this dividend is Friday, March 9th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a yield of 2.27%. Dunkin Brands Group’s payout ratio is currently 33.86%.

Dunkin Brands Group announced that its Board of Directors has approved a share repurchase plan on Thursday, October 26th that permits the company to repurchase $650.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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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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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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