Amalgamated Bank lifted its holdings in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,966 shares of the restaurant operator’s stock after buying an additional 972 shares during the period. Amalgamated Bank’s holdings in Dunkin Brands Group were worth $1,223,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of DNKN. HS Management Partners LLC purchased a new position in shares of Dunkin Brands Group during the 3rd quarter worth approximately $17,590,000. First Manhattan Co. raised its stake in shares of Dunkin Brands Group by 9.4% during the 4th quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after buying an additional 137,051 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Dunkin Brands Group during the 4th quarter worth approximately $8,308,000. Daiwa Securities Group Inc. purchased a new position in shares of Dunkin Brands Group during the 4th quarter worth approximately $7,337,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of 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 buying an additional 98,615 shares in the last quarter. 97.85% of the stock is owned by institutional investors and hedge funds.
In other Dunkin Brands Group news, COO Scott Murphy sold 4,750 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $61.83, for a total transaction of $293,692.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nigel Travis sold 205,665 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $62.02, for a total value of $12,755,343.30. Following the transaction, the chief executive officer now directly owns 419,333 shares of the company’s stock, valued at approximately $26,007,032.66. The disclosure for this sale can be found here. Insiders have sold 455,581 shares of company stock valued at $28,320,199 in the last three months. 3.10% of the stock is currently owned by company insiders.
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, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.54 million. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. Dunkin Brands Group’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. sell-side analysts forecast that Dunkin Brands Group Inc will post 2.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be given a dividend of $0.3475 per share. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.39 annualized dividend and a yield of 2.31%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 57.33%.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, January 4th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $62.00 price objective (up from $59.00) on shares of Dunkin Brands Group in a research note on Thursday, February 22nd. William Blair raised Dunkin Brands Group from a “market perform” rating to an “outperform” rating in a research note on Monday, January 22nd. Barclays reaffirmed an “overweight” rating and issued a $70.00 price objective (up from $63.00) on shares of Dunkin Brands Group in a research note on Tuesday, January 16th. Finally, BMO Capital Markets set a $64.00 price objective on Dunkin Brands Group and gave the company a “hold” rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $63.20.
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Dunkin Brands Group Company Profile
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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