Mutual of America Capital Management LLC raised its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,998 shares of the restaurant operator’s stock after buying an additional 1,571 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Dunkin Brands Group worth $3,992,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DNKN. Russell Investments Group Ltd. acquired a new stake in shares of Dunkin Brands Group during the fourth quarter worth about $157,000. US Bancorp DE boosted its stake in shares of Dunkin Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock worth $191,000 after buying an additional 63 shares during the last quarter. National Asset Management Inc. acquired a new stake in shares of Dunkin Brands Group during the third quarter worth about $207,000. Pinnacle Associates Ltd. acquired a new stake in shares of Dunkin Brands Group during the fourth quarter worth about $212,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Dunkin Brands Group during the first quarter worth about $213,000. 97.53% of the stock is owned by institutional investors.
Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) traded down 0.16% on Friday, reaching $55.69. The company’s stock had a trading volume of 728,906 shares. The stock has a market cap of $5.13 billion, a P/E ratio of 25.09 and a beta of 0.20. The firm’s 50-day moving average price is $55.06 and its 200-day moving average price is $53.49. Dunkin Brands Group Inc has a 12 month low of $41.29 and a 12 month high of $58.43.
Dunkin Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, May 4th. The restaurant operator reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. Dunkin Brands Group had a negative return on equity of 108.58% and a net margin of 23.59%. The business had revenue of $190.70 million during the quarter, compared to the consensus estimate of $192.36 million. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Dunkin Brands Group Inc will post $2.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th will be paid a $0.3225 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $1.29 annualized dividend and a yield of 2.31%. Dunkin Brands Group’s dividend payout ratio is currently 56.60%.
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DNKN has been the subject of a number of recent research reports. Barclays PLC reduced their target price on shares of Dunkin Brands Group to $61.00 in a research report on Friday, February 10th. Maxim Group reissued a “buy” rating on shares of Dunkin Brands Group in a research report on Wednesday, March 15th. Citigroup Inc reduced their target price on shares of Dunkin Brands Group from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Friday, February 10th. Finally, Wedbush reissued a “hold” rating and issued a $54.00 target price on shares of Dunkin Brands Group in a research report on Friday, May 5th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Dunkin Brands Group presently has an average rating of “Hold” and an average price target of $53.93.
In other Dunkin Brands Group news, VP John Varughese sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $54.58, for a total value of $491,220.00. Following the completion of the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $218,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.
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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