Zacks: Brokerages Expect Dunkin Brands Group Inc (NASDAQ:DNKN) Will Announce Quarterly Sales of $360.63 Million

Brokerages expect Dunkin Brands Group Inc (NASDAQ:DNKN) to post sales of $360.63 million for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Dunkin Brands Group’s earnings, with the highest sales estimate coming in at $367.20 million and the lowest estimate coming in at $352.90 million. Dunkin Brands Group reported sales of $350.64 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The firm is expected to report its next earnings report on Thursday, July 25th.

On average, analysts expect that Dunkin Brands Group will report full year sales of $1.37 billion for the current financial year, with estimates ranging from $1.36 billion to $1.39 billion. For the next financial year, analysts forecast that the company will post sales of $1.42 billion, with estimates ranging from $1.39 billion to $1.44 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The business had revenue of $319.10 million during the quarter, compared to analysts’ expectations of $312.38 million. During the same quarter last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis.

DNKN has been the subject of several analyst reports. Evercore ISI initiated coverage on Dunkin Brands Group in a report on Tuesday. They set an “in-line” rating and a $78.00 target price for the company. BidaskClub raised Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Citigroup reduced their target price on Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, February 14th. UBS Group set a $72.00 target price on Dunkin Brands Group and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Argus downgraded Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $68.92 target price for the company. in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company’s stock. Dunkin Brands Group presently has a consensus rating of “Hold” and an average price target of $70.45.

In other Dunkin Brands Group news, COO Scott Murphy sold 1,660 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $74.50, for a total value of $123,670.00. Following the transaction, the chief operating officer now directly owns 11,882 shares of the company’s stock, valued at approximately $885,209. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John L. Clare sold 8,367 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $75.00, for a total value of $627,525.00. Following the completion of the transaction, the insider now directly owns 29,412 shares in the company, valued at $2,205,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,641 shares of company stock valued at $4,077,689. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Semmax Financial Advisors Inc. increased its position in Dunkin Brands Group by 525.9% in the 1st quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 305 shares during the last quarter. CENTRAL TRUST Co acquired a new position in Dunkin Brands Group in the 1st quarter worth about $29,000. Rockefeller Capital Management L.P. acquired a new position in Dunkin Brands Group in the 1st quarter worth about $34,000. Penserra Capital Management LLC acquired a new position in Dunkin Brands Group in the 1st quarter worth about $38,000. Finally, Bremer Bank National Association acquired a new position in Dunkin Brands Group in the 1st quarter worth about $41,000. 89.03% of the stock is currently owned by institutional investors.

Shares of NASDAQ DNKN traded up $0.13 during mid-day trading on Tuesday, hitting $80.42. 54,132 shares of the company traded hands, compared to its average volume of 669,161. Dunkin Brands Group has a 1 year low of $61.69 and a 1 year high of $81.39. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 2.50 and a beta of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, June 3rd were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 31st. Dunkin Brands Group’s dividend payout ratio is currently 51.72%.

About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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

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