BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a sell rating to a hold rating in a report issued on Friday.
Other equities analysts have also issued reports about the stock. Bank of America lowered their price target on shares of Dunkin Brands Group from $68.00 to $65.00 and set a neutral rating on the stock in a research report on Wednesday, February 7th. Maxim Group raised their price target on shares of Dunkin Brands Group from $64.00 to $71.00 and gave the stock a buy rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $58.00 price target on shares of Dunkin Brands Group and gave the stock a hold rating in a research report on Friday, October 27th. Cowen reiterated a hold rating and set a $55.00 price objective on shares of Dunkin Brands Group in a research note on Friday, October 27th. Finally, Wells Fargo & Co reduced their price objective on shares of Dunkin Brands Group from $56.00 to $54.00 and set a market perform rating on the stock in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. Dunkin Brands Group has an average rating of Hold and a consensus target price of $63.05.
Dunkin Brands Group (DNKN) opened at $62.64 on Friday. Dunkin Brands Group has a 1 year low of $50.89 and a 1 year high of $68.45. The company has a market cap of $5,660.00, a PE ratio of 27.84, a P/E/G ratio of 1.77 and a beta of 0.21. The company has a debt-to-equity ratio of 361.71, a quick ratio of 1.43 and a current ratio of 2.79.
Dunkin Brands Group announced that its board has authorized a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase $650.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a yield of 2.22%. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 9th. Dunkin Brands Group’s dividend payout ratio is presently 57.33%.
In other news, insider William M. Mitchell sold 46,180 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $61.30, for a total value of $2,830,834.00. Following the sale, the insider now directly owns 33,000 shares in the company, valued at approximately $2,022,900. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of DNKN. Dimensional Fund Advisors LP boosted its stake in shares of Dunkin Brands Group by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 510,116 shares of the restaurant operator’s stock valued at $28,118,000 after purchasing an additional 7,293 shares in the last quarter. State Street Corp boosted its stake in shares of Dunkin Brands Group by 1.6% in the 2nd quarter. State Street Corp now owns 2,357,509 shares of the restaurant operator’s stock valued at $129,945,000 after purchasing an additional 36,032 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Dunkin Brands Group by 7.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 27,986 shares of the restaurant operator’s stock valued at $1,543,000 after purchasing an additional 1,981 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Dunkin Brands Group in the 2nd quarter valued at approximately $316,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Dunkin Brands Group in the 2nd quarter valued at approximately $278,000. Institutional investors own 85.24% of the company’s stock.
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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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