Spark Investment Management LLC cut its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 45.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,400 shares of the restaurant operator’s stock after selling 28,600 shares during the period. Spark Investment Management LLC’s holdings in Dunkin’ Brands Group were worth $1,896,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Dunkin’ Brands Group by 13,874.6% in the first quarter. BlackRock Inc. now owns 7,169,364 shares of the restaurant operator’s stock valued at $392,023,000 after buying an additional 7,118,061 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Dunkin’ Brands Group by 8.4% in the first quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock valued at $530,467,000 after buying an additional 754,740 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $31,773,000. JPMorgan Chase & Co. boosted its stake in shares of Dunkin’ Brands Group by 683.5% in the first quarter. JPMorgan Chase & Co. now owns 656,641 shares of the restaurant operator’s stock valued at $35,905,000 after buying an additional 572,837 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Dunkin’ Brands Group during the first quarter valued at about $30,654,000. Institutional investors own 96.88% of the company’s stock.
Dunkin’ Brands Group, Inc. (DNKN) opened at 53.34 on Tuesday. Dunkin’ Brands Group, Inc. has a 1-year low of $44.83 and a 1-year high of $59.70. The stock has a market cap of $4.87 billion, a P/E ratio of 23.39 and a beta of 0.21. The company’s 50-day moving average price is $54.64 and its 200-day moving average price is $54.85.
Dunkin’ Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The firm had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $220.77 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Dunkin’ Brands Group’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, August 24th. Dunkin’ Brands Group’s dividend payout ratio (DPR) is presently 56.33%.
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Several brokerages have recently commented on DNKN. Zacks Investment Research lowered Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BMO Capital Markets upped their price target on Dunkin’ Brands Group from $46.00 to $52.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $62.00 price target (up previously from $60.00) on shares of Dunkin’ Brands Group in a research note on Tuesday, June 13th. Citigroup Inc. decreased their price target on Dunkin’ Brands Group from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. Finally, Royal Bank Of Canada raised Dunkin’ Brands Group from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $54.00 to $64.00 in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $56.47.
In other news, SVP Karen Raskopf sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at $1,742,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
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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