Zacks: Brokerages Expect Dunkin Brands Group Inc (NASDAQ:DNKN) to Announce $0.61 EPS

Analysts expect Dunkin Brands Group Inc (NASDAQ:DNKN) to report $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Dunkin Brands Group’s earnings, with estimates ranging from $0.56 to $0.65. Dunkin Brands Group posted earnings per share of $0.86 in the same quarter last year, which indicates a negative year-over-year growth rate of 29.1%. The company is scheduled to report its next quarterly earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Dunkin Brands Group will report full year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.84. For the next fiscal year, analysts forecast that the business will post earnings of $3.07 per share, with EPS estimates ranging from $2.62 to $3.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, April 30th. The restaurant operator reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a negative return on equity of 42.33% and a net margin of 17.59%. The business had revenue of $323.10 million for the quarter, compared to analysts’ expectations of $300.49 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Dunkin Brands Group from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. BidaskClub upgraded Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 26th. Wedbush raised their price target on Dunkin Brands Group from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Cfra lowered their price target on Dunkin Brands Group from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Finally, Royal Bank of Canada raised their price target on Dunkin Brands Group from $60.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Eighteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus target price of $73.24.

In other news, CFO Katherine D. Jaspon sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total transaction of $462,000.00. Following the sale, the chief financial officer now owns 12,730 shares of the company’s stock, valued at approximately $840,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $9,461,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Dunkin Brands Group during the 4th quarter worth approximately $49,000. Asset Management One Co. Ltd. boosted its stake in shares of Dunkin Brands Group by 769.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 869 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 769 shares in the last quarter. Canton Hathaway LLC purchased a new stake in shares of Dunkin Brands Group during the 1st quarter worth approximately $53,000. Finally, Citizens Financial Group Inc RI boosted its stake in shares of Dunkin Brands Group by 94.5% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,099 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 534 shares in the last quarter. 86.53% of the stock is currently owned by institutional investors and hedge funds.

DNKN opened at $65.23 on Wednesday. The business’s 50-day simple moving average is $64.81 and its 200-day simple moving average is $66.83. Dunkin Brands Group has a one year low of $38.51 and a one year high of $84.74. The stock has a market capitalization of $5.30 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88.

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

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