Dunkin Brands Group Inc (NASDAQ:DNKN) Shares Purchased by Pennsylvania Trust Co

Pennsylvania Trust Co lifted its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 7.7% in the third quarter, Holdings Channel reports. The firm owned 2,800 shares of the restaurant operator’s stock after acquiring an additional 200 shares during the period. Pennsylvania Trust Co’s holdings in Dunkin Brands Group were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Dunkin Brands Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 7,537,015 shares of the restaurant operator’s stock valued at $600,398,000 after purchasing an additional 78,760 shares during the period. Vanguard Group Inc. boosted its position in shares of Dunkin Brands Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 7,482,263 shares of the restaurant operator’s stock valued at $596,037,000 after purchasing an additional 20,772 shares during the period. Invesco Ltd. boosted its position in shares of Dunkin Brands Group by 0.7% in the 2nd quarter. Invesco Ltd. now owns 1,596,446 shares of the restaurant operator’s stock valued at $127,174,000 after purchasing an additional 10,908 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dunkin Brands Group by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,103,496 shares of the restaurant operator’s stock valued at $87,904,000 after purchasing an additional 36,166 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Dunkin Brands Group in the 2nd quarter valued at about $78,023,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

DNKN opened at $77.70 on Friday. The business has a 50 day simple moving average of $80.28 and a 200-day simple moving average of $78.43. The stock has a market capitalization of $6.32 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.55 and a beta of 0.45. Dunkin Brands Group Inc has a 12 month low of $61.69 and a 12 month high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $359.30 million during the quarter, compared to analysts’ expectations of $360.32 million. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. As a group, sell-side analysts expect that Dunkin Brands Group Inc will post 3.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Tuesday, September 3rd were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.50 annualized dividend and a dividend yield of 1.93%. Dunkin Brands Group’s dividend payout ratio is currently 51.72%.

A number of research firms have weighed in on DNKN. Wells Fargo & Co increased their price objective on Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Maxim Group set a $79.00 price objective on Dunkin Brands Group and gave the stock a “hold” rating in a research report on Thursday, September 12th. ValuEngine cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Citigroup increased their price objective on Dunkin Brands Group from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Dunkin Brands Group in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $78.63.

In other news, insider John L. Clare sold 12,577 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $80.60, for a total value of $1,013,706.20. Following the completion of the sale, the insider now directly owns 33,622 shares of the company’s stock, valued at approximately $2,709,933.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nigel Travis sold 61,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $81.48, for a total value of $5,027,804.88. Following the completion of the sale, the director now directly owns 166,081 shares of the company’s stock, valued at $13,532,279.88. The disclosure for this sale can be found here. Insiders sold a total of 124,077 shares of company stock valued at $10,123,627 over the last three months. Insiders own 1.70% of the company’s stock.

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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Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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