Dunkin Brands Group (DNKN) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

Several other analysts also recently issued reports on the stock. Maxim Group reaffirmed a buy rating and issued a $79.00 price target on shares of Dunkin Brands Group in a report on Tuesday, April 16th. BMO Capital Markets downgraded shares of Dunkin Brands Group from an outperform rating to a market perform rating in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Oppenheimer assumed coverage on shares of Dunkin Brands Group in a report on Tuesday, March 26th. They issued a market perform rating on the stock. Citigroup reduced their price target on shares of Dunkin Brands Group from $87.00 to $82.00 and set a buy rating on the stock in a report on Thursday, February 14th. Finally, Argus downgraded shares of Dunkin Brands Group from a buy rating to a hold rating and set a $68.92 price target on the stock. in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of Hold and a consensus target price of $70.05.

Shares of NASDAQ DNKN opened at $76.19 on Thursday. Dunkin Brands Group has a 12-month low of $60.25 and a 12-month high of $77.36. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.38 and a beta of 0.49.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. Dunkin Brands Group had a net margin of 17.40% and a negative return on equity of 31.51%. The company had revenue of $319.60 million for the quarter, compared to the consensus estimate of $329.83 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Dunkin Brands Group will post 2.98 EPS for the current fiscal year.

In other news, insider John L. Clare sold 17,129 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $69.00, for a total value of $1,181,901.00. Following the completion of the transaction, the insider now owns 36,776 shares of the company’s stock, valued at $2,537,544. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Arrow Financial Corp raised its position in shares of Dunkin Brands Group by 430.0% in the fourth quarter. Arrow Financial Corp now owns 530 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 430 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in Dunkin Brands Group during the fourth quarter worth approximately $36,000. Tributary Capital Management LLC acquired a new position in Dunkin Brands Group during the fourth quarter worth approximately $48,000. Advisory Services Network LLC increased its position in Dunkin Brands Group by 24.4% during the fourth quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 148 shares during the last quarter. Finally, Bremer Trust National Association acquired a new position in Dunkin Brands Group during the fourth quarter worth approximately $49,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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