Geode Capital Management LLC Has $49.76 Million Holdings in Dunkin’ Brands (DNKN)

Geode Capital Management LLC raised its holdings in Dunkin’ Brands (NASDAQ:DNKN) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 771,782 shares of the restaurant operator’s stock after buying an additional 2,573 shares during the quarter. Geode Capital Management LLC’s holdings in Dunkin’ Brands were worth $49,756,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CLS Investments LLC increased its holdings in Dunkin’ Brands by 4.3% in the 4th quarter. CLS Investments LLC now owns 23,647 shares of the restaurant operator’s stock valued at $1,525,000 after buying an additional 972 shares during the period. Amalgamated Bank increased its holdings in Dunkin’ Brands by 5.4% in the 4th quarter. Amalgamated Bank now owns 18,966 shares of the restaurant operator’s stock valued at $1,223,000 after buying an additional 972 shares during the period. Comerica Bank increased its holdings in Dunkin’ Brands by 1.3% in the 3rd quarter. Comerica Bank now owns 80,882 shares of the restaurant operator’s stock valued at $4,779,000 after buying an additional 1,044 shares during the period. US Bancorp DE increased its holdings in Dunkin’ Brands by 22.7% in the 4th quarter. US Bancorp DE now owns 6,187 shares of the restaurant operator’s stock valued at $399,000 after buying an additional 1,146 shares during the period. Finally, First Republic Investment Management Inc. increased its holdings in Dunkin’ Brands by 22.5% in the 4th quarter. First Republic Investment Management Inc. now owns 6,763 shares of the restaurant operator’s stock valued at $436,000 after buying an additional 1,244 shares during the period. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have issued reports on DNKN shares. Zacks Investment Research raised shares of Dunkin’ Brands from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, January 4th. Piper Jaffray Companies reissued a “neutral” rating and issued a $62.00 price target (up previously from $59.00) on shares of Dunkin’ Brands in a report on Thursday, February 22nd. William Blair raised shares of Dunkin’ Brands from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. Barclays restated an “overweight” rating and issued a $70.00 target price (up previously from $63.00) on shares of Dunkin’ Brands in a research note on Tuesday, January 16th. Finally, BMO Capital Markets set a $64.00 target price on shares of Dunkin’ Brands and gave the company a “hold” rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Dunkin’ Brands currently has a consensus rating of “Hold” and a consensus price target of $63.20.

Dunkin’ Brands (NASDAQ:DNKN) opened at $59.73 on Friday. The stock has a market cap of $4,874.61, a PE ratio of 15.68, a P/E/G ratio of 1.67 and a beta of 0.29. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 361.71. Dunkin’ Brands has a 52-week low of $50.89 and a 52-week high of $68.45.

Dunkin’ Brands (NASDAQ:DNKN) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.54 million. Dunkin’ Brands had a net margin of 40.77% and a negative return on equity of 190.44%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. analysts forecast that Dunkin’ Brands will post 2.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 12th will be given a dividend of $0.3475 per share. This is an increase from Dunkin’ Brands’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, March 9th. This represents a $1.39 annualized dividend and a yield of 2.33%. Dunkin’ Brands’s dividend payout ratio is 36.48%.

In related news, insider William M. Mitchell sold 46,180 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the transaction, the insider now owns 33,000 shares in the company, valued at approximately $2,022,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard J. Emmett sold 4,500 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $62.84, for a total transaction of $282,780.00. Following the transaction, the insider now owns 16,542 shares in the company, valued at approximately $1,039,499.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 455,581 shares of company stock worth $28,320,199. 3.10% of the stock is owned by corporate insiders.

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About Dunkin’ Brands

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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

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