Dunkin Brands Group Inc (NASDAQ:DNKN) SVP John Varughese sold 4,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.43, for a total value of $333,720.00. Following the transaction, the senior vice president now directly owns 5,425 shares of the company’s stock, valued at approximately $452,607.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Dunkin Brands Group stock traded down $0.59 on Monday, hitting $82.25. The stock had a trading volume of 701,699 shares, compared to its average volume of 750,134. The stock has a 50 day moving average of $81.21 and a 200 day moving average of $75.83. Dunkin Brands Group Inc has a twelve month low of $61.69 and a twelve month high of $84.42. The firm has a market capitalization of $6.83 billion, a P/E ratio of 28.36, a PEG ratio of 2.49 and a beta of 0.46.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The company had revenue of $359.30 million during the quarter, compared to the consensus estimate of $360.32 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Dunkin Brands Group Inc will post 3.05 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in DNKN. Dimensional Fund Advisors LP lifted its stake in Dunkin Brands Group by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 580,297 shares of the restaurant operator’s stock valued at $37,207,000 after purchasing an additional 10,707 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dunkin Brands Group by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock valued at $53,868,000 after acquiring an additional 53,768 shares during the period. Brookstone Capital Management raised its holdings in shares of Dunkin Brands Group by 51.1% during the first quarter. Brookstone Capital Management now owns 6,697 shares of the restaurant operator’s stock valued at $503,000 after acquiring an additional 2,264 shares during the period. Alta Capital Management LLC raised its holdings in shares of Dunkin Brands Group by 9.2% during the first quarter. Alta Capital Management LLC now owns 4,160 shares of the restaurant operator’s stock valued at $312,000 after acquiring an additional 350 shares during the period. Finally, Trinity Legacy Partners LLC raised its holdings in shares of Dunkin Brands Group by 20.7% during the first quarter. Trinity Legacy Partners LLC now owns 27,880 shares of the restaurant operator’s stock valued at $2,094,000 after acquiring an additional 4,778 shares during the period. 87.21% of the stock is owned by institutional investors.
DNKN has been the subject of several research analyst reports. Citigroup boosted their target price on Dunkin Brands Group from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Maxim Group reissued a “hold” rating and set a $79.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, July 30th. Credit Suisse Group initiated coverage on Dunkin Brands Group in a research note on Tuesday, June 25th. They set an “underperform” rating and a $70.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on Dunkin Brands Group in a research note on Monday, July 29th. They set a “neutral” rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. Dunkin Brands Group presently has an average rating of “Hold” and a consensus target price of $78.11.
Dunkin Brands Group Company Profile
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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