$312.76 Million in Sales Expected for Dunkin Brands Group Inc (DNKN) This Quarter

Analysts forecast that Dunkin Brands Group Inc (NASDAQ:DNKN) will announce $312.76 million in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Dunkin Brands Group’s earnings, with the lowest sales estimate coming in at $309.02 million and the highest estimate coming in at $318.12 million. Dunkin Brands Group posted sales of $301.34 million in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Dunkin Brands Group will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next financial year, analysts expect that the business will report sales of $1.41 billion, with estimates ranging from $1.38 billion to $1.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Dunkin Brands Group.

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

Several research analysts recently commented on DNKN shares. Maxim Group reaffirmed a “buy” rating and issued a $79.00 target price (down from $83.00) on shares of Dunkin Brands Group in a research report on Friday, February 8th. BMO Capital Markets reduced their target price on Dunkin Brands Group to $75.00 and set an “outperform” rating for the company in a research report on Friday, February 8th. BidaskClub cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. OTR Global cut Dunkin Brands Group to a “positive” rating in a research report on Friday, January 25th. Finally, Citigroup reduced their target price on Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus target price of $70.05.

In other Dunkin Brands Group news, insider John L. Clare sold 17,129 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 36,776 shares in the company, valued at $2,537,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in Dunkin Brands Group by 6,312.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,073,384 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 2,041,048 shares in the last quarter. Arrow Financial Corp raised its stake in Dunkin Brands Group by 430.0% during the fourth quarter. Arrow Financial Corp now owns 530 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 430 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $36,000. Tributary Capital Management LLC acquired a new stake in shares of Dunkin Brands Group in the fourth quarter valued at $48,000. Finally, Advisory Services Network LLC increased its stake in shares of Dunkin Brands Group by 24.4% in the fourth quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Shares of DNKN stock opened at $74.68 on Friday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 25.75, a PEG ratio of 2.33 and a beta of 0.49. Dunkin Brands Group has a one year low of $60.34 and a one year high of $77.36.

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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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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