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.
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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