Dunkin Brands Group (DNKN) Coverage Initiated at Gordon Haskett

Gordon Haskett began coverage on shares of Dunkin Brands Group (NASDAQ:DNKN) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “hold” rating on the restaurant operator’s stock.

DNKN has been the topic of several other research reports. Robert W. Baird raised their price objective on shares of Dunkin Brands Group from $80.00 to $82.00 and gave the company a “positive” rating in a research report on Monday, October 8th. BidaskClub raised shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Royal Bank of Canada lowered shares of Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price objective on the stock. in a research report on Friday, September 14th. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of Dunkin Brands Group in a research report on Friday, July 13th. Finally, Morgan Stanley raised their price objective on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $68.68.

DNKN traded down $0.82 during midday trading on Thursday, hitting $73.59. 721,300 shares of the company’s stock traded hands, compared to its average volume of 996,894. The firm has a market cap of $6.18 billion, a PE ratio of 30.28, a PEG ratio of 2.18 and a beta of 0.35. The company has a debt-to-equity ratio of -3.72, a quick ratio of 1.53 and a current ratio of 1.53. Dunkin Brands Group has a one year low of $53.68 and a one year high of $77.13.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $350.64 million for the quarter, compared to analyst estimates of $343.38 million. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. On average, sell-side analysts anticipate that Dunkin Brands Group will post 2.72 earnings per share for the current fiscal year.

In other news, SVP Jason Maceda sold 7,103 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $71.89, for a total value of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares of the company’s stock, valued at $271,097.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Nigel Travis sold 137,606 shares of Dunkin Brands Group stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $71.15, for a total transaction of $9,790,666.90. Following the completion of the transaction, the chairman now directly owns 385,187 shares in the company, valued at approximately $27,406,055.05. The disclosure for this sale can be found here. In the last three months, insiders sold 739,693 shares of company stock worth $51,896,387. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in DNKN. First Hawaiian Bank acquired a new stake in shares of Dunkin Brands Group in the third quarter worth $110,000. Fort L.P. acquired a new stake in shares of Dunkin Brands Group in the second quarter worth $123,000. Advisors Preferred LLC grew its stake in shares of Dunkin Brands Group by 797.1% in the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 1,650 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Dunkin Brands Group in the second quarter worth $200,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Dunkin Brands Group in the second quarter worth $201,000. Institutional investors and hedge funds own 99.25% of the company’s stock.

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 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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The Fly

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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