Dunkin’ Brands Group, Inc. (DNKN) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 51.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 879,264 shares of the restaurant operator’s stock after purchasing an additional 298,200 shares during the period. Westfield Capital Management Co. LP owned approximately 0.96% of Dunkin’ Brands Group worth $48,465,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Janus Capital Management LLC grew its position in Dunkin’ Brands Group by 8.4% in the 1st quarter. Janus Capital Management LLC now owns 9,701,300 shares of the restaurant operator’s stock worth $530,467,000 after purchasing an additional 754,740 shares during the period. BlackRock Inc. grew its position in Dunkin’ Brands Group by 1.4% in the 2nd quarter. BlackRock Inc. now owns 7,271,183 shares of the restaurant operator’s stock worth $400,787,000 after purchasing an additional 101,819 shares during the period. Vanguard Group Inc. grew its position in Dunkin’ Brands Group by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 7,161,989 shares of the restaurant operator’s stock worth $391,619,000 after purchasing an additional 317,076 shares during the period. State Street Corp grew its position in Dunkin’ Brands Group by 2.8% in the 1st quarter. State Street Corp now owns 2,321,477 shares of the restaurant operator’s stock worth $126,937,000 after purchasing an additional 63,426 shares during the period. Finally, First Manhattan Co. grew its position in Dunkin’ Brands Group by 39.0% in the 2nd quarter. First Manhattan Co. now owns 1,366,963 shares of the restaurant operator’s stock worth $75,347,000 after purchasing an additional 383,460 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

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In related news, SVP Karen Raskopf sold 33,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $52.80, for a total transaction of $1,742,400.00. Following the sale, the senior vice president now owns 33,000 shares in the company, valued at $1,742,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.

Dunkin’ Brands Group, Inc. (DNKN) traded up 1.05% on Friday, hitting $52.03. 1,084,754 shares of the company were exchanged. The firm’s 50 day moving average is $52.56 and its 200 day moving average is $54.72. Dunkin’ Brands Group, Inc. has a 52 week low of $46.55 and a 52 week high of $59.70. The company has a market capitalization of $4.70 billion, a P/E ratio of 22.82 and a beta of 0.23.

Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $218.50 million for the quarter, compared to analyst estimates of $220.77 million. Dunkin’ Brands Group had a net margin of 25.48% and a negative return on equity of 141.72%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities research analysts forecast that Dunkin’ Brands Group, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were given a dividend of $0.3225 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.29 annualized dividend and a yield of 2.48%. Dunkin’ Brands Group’s dividend payout ratio is presently 56.33%.

A number of equities research analysts have commented on the stock. Stephens reaffirmed an “equal weight” rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Argus upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $58.84 to $68.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Dunkin’ Brands Group in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.95.

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

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