Advisors Capital Management LLC increased its position in Dunkin’ Brands (NASDAQ:DNKN) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,008 shares of the restaurant operator’s stock after purchasing an additional 8,185 shares during the quarter. Advisors Capital Management LLC owned 0.25% of Dunkin’ Brands worth $12,297,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Dunkin’ Brands 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 during the period. Jackson Square Partners LLC boosted its stake in Dunkin’ Brands by 2.7% during the 4th quarter. Jackson Square Partners LLC now owns 1,818,261 shares of the restaurant operator’s stock valued at $117,223,000 after acquiring an additional 47,703 shares during the last quarter. First Manhattan Co. boosted its stake in Dunkin’ Brands by 9.4% during the 4th quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock valued at $103,223,000 after acquiring an additional 137,051 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Dunkin’ Brands by 9.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 887,675 shares of the restaurant operator’s stock valued at $57,229,000 after acquiring an additional 75,975 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dunkin’ Brands by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 771,782 shares of the restaurant operator’s stock valued at $49,756,000 after acquiring an additional 2,573 shares during the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.
Shares of NASDAQ:DNKN opened at $66.09 on Tuesday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.30. Dunkin’ Brands has a 1-year low of $50.89 and a 1-year high of $68.45. The company has a debt-to-equity ratio of -3.54, a quick ratio of 1.50 and a current ratio of 1.50.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 29th will be issued a dividend of $0.3475 per share. The ex-dividend date of this dividend is Friday, May 25th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.10%. Dunkin’ Brands’s dividend payout ratio (DPR) is 57.20%.
In related news, COO Scott Murphy sold 4,750 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $61.83, for a total value of $293,692.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Nigel Travis sold 205,665 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $62.02, for a total transaction of $12,755,343.30. Following the completion of the sale, the chief executive officer now directly owns 419,333 shares in the company, valued at approximately $26,007,032.66. The disclosure for this sale can be found here. Insiders have sold 353,649 shares of company stock worth $21,942,505 over the last three months. 3.00% of the stock is owned by corporate insiders.
A number of research analysts have commented on DNKN shares. Maxim Group reiterated a “buy” rating and set a $71.00 price objective on shares of Dunkin’ Brands in a research note on Tuesday, February 6th. BidaskClub upgraded shares of Dunkin’ Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, April 24th. ValuEngine upgraded shares of Dunkin’ Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. TheStreet downgraded shares of Dunkin’ Brands from a “b” rating to a “c+” rating in a research note on Thursday, April 26th. Finally, Morgan Stanley reduced their price objective on shares of Dunkin’ Brands from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, March 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $64.37.
Dunkin’ Brands Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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