Wedbush reiterated their hold rating on shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) in a report released on Monday, May 15th, StockTargetPrices.com reports. They currently have a $54.00 price objective on the restaurant operator’s stock.
Other equities analysts have also issued research reports about the company. BMO Capital Markets raised their price target on Dunkin’ Brands Group from $46.00 to $52.00 and gave the stock a market perform rating in a report on Monday, May 15th. Maxim Group raised their price target on Dunkin’ Brands Group from $61.00 to $64.00 and gave the stock a buy rating in a report on Monday, May 1st. Citigroup Inc. reduced their price objective on shares of Dunkin’ Brands Group from $64.00 to $61.00 and set a buy rating for the company in a research report on Tuesday, April 11th. Zacks Investment Research downgraded shares of Dunkin’ Brands Group from a hold rating to a sell rating in a research report on Wednesday, April 12th. Finally, Robert W. Baird restated an outperform rating and issued a $56.00 price objective on shares of Dunkin’ Brands Group in a research report on Tuesday, February 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Dunkin’ Brands Group presently has a consensus rating of Hold and an average target price of $55.59.
Shares of Dunkin’ Brands Group (NASDAQ DNKN) traded up 1.46% during trading on Monday, hitting $57.03. The stock had a trading volume of 1,155,753 shares. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 25.69 and a beta of 0.23. Dunkin’ Brands Group has a 12-month low of $41.29 and a 12-month high of $59.70. The stock’s 50-day moving average is $56.87 and its 200-day moving average is $54.60.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. Dunkin’ Brands Group had a negative return on equity of 133.92% and a net margin of 24.81%. The firm had revenue of $190.70 million for the quarter, compared to analyst estimates of $192.36 million. During the same quarter last year, the company posted $0.44 earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, equities research analysts expect that Dunkin’ Brands Group will post $2.43 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th were paid a $0.3225 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $1.29 annualized dividend and a yield of 2.26%. Dunkin’ Brands Group’s payout ratio is currently 57.85%.
Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Dunkin’ Brands Group during the fourth quarter valued at about $157,000. US Bancorp DE boosted its stake in shares of Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares in the last quarter. OppenheimerFunds Inc. bought a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $204,000. National Asset Management Inc. bought a new stake in shares of Dunkin’ Brands Group during the third quarter valued at about $207,000. Finally, Barings LLC bought a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $208,000. 98.89% of the stock is owned by institutional investors.
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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