Municipal Employees Retirement System of Michigan Acquires New Holdings in Dunkin Brands Group Inc (NASDAQ:DNKN)

Municipal Employees Retirement System of Michigan bought a new stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,130 shares of the restaurant operator’s stock, valued at approximately $1,291,000.

A number of other institutional investors have also recently bought and sold shares of DNKN. Wells Fargo & Company MN boosted its stake in shares of Dunkin Brands Group by 2.1% in the third quarter. Wells Fargo & Company MN now owns 258,499 shares of the restaurant operator’s stock worth $19,056,000 after acquiring an additional 5,400 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dunkin Brands Group by 10.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,325 shares of the restaurant operator’s stock worth $982,000 after acquiring an additional 1,282 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Dunkin Brands Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 432,631 shares of the restaurant operator’s stock worth $31,893,000 after acquiring an additional 193,378 shares during the period. Candriam Luxembourg S.C.A. bought a new position in shares of Dunkin Brands Group in the third quarter worth about $516,000. Finally, MML Investors Services LLC bought a new position in shares of Dunkin Brands Group in the third quarter worth about $341,000. 94.00% of the stock is owned by hedge funds and other institutional investors.

DNKN stock traded up $0.30 during midday trading on Monday, reaching $76.29. 402,687 shares of the company traded hands, compared to its average volume of 812,489. Dunkin Brands Group Inc has a 52-week low of $59.97 and a 52-week high of $77.13. The company has a market cap of $6.28 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The business had revenue of $319.60 million for the quarter, compared to the consensus estimate of $329.83 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Dunkin Brands Group Inc will post 2.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 dividend on an annualized basis and a yield of 1.97%. Dunkin Brands Group’s dividend payout ratio is 51.72%.

In other Dunkin Brands Group news, insider John L. Clare sold 17,129 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $69.00, for a total transaction of $1,181,901.00. Following the sale, the insider now directly owns 36,776 shares in the company, valued at $2,537,544. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Mizuho set a $61.00 target price on Dunkin Brands Group and gave the stock a “sell” rating in a research report on Friday, February 8th. BidaskClub downgraded Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. BMO Capital Markets downgraded Dunkin Brands Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Oppenheimer began coverage on Dunkin Brands Group in a research report on Tuesday, March 26th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.05.

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About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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

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