Blue Sky Asset Management LLC Buys Shares of 3,000 Dunkin Brands Group Inc (DNKN)

Blue Sky Asset Management LLC bought a new stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the restaurant operator’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CENTRAL TRUST Co bought a new position in Dunkin Brands Group in the 1st quarter worth $29,000. Oregon Public Employees Retirement Fund raised its holdings in Dunkin Brands Group by 6,312.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,073,384 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 2,041,048 shares during the period. Arrow Financial Corp raised its holdings in Dunkin Brands Group by 430.0% in the 4th quarter. Arrow Financial Corp now owns 530 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 430 shares during the period. Bruderman Asset Management LLC bought a new position in Dunkin Brands Group in the 4th quarter worth $36,000. Finally, Tributary Capital Management LLC bought a new position in Dunkin Brands Group in the 4th quarter worth $48,000. Institutional investors and hedge funds own 93.71% of the company’s stock.

NASDAQ:DNKN opened at $73.80 on Tuesday. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. Dunkin Brands Group Inc has a 52 week low of $61.69 and a 52 week high of $77.50.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $319.10 million for the quarter, compared to analysts’ expectations of $312.38 million. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. On average, equities research analysts predict that Dunkin Brands Group Inc will post 3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.50 dividend on an annualized basis and a yield of 2.03%. Dunkin Brands Group’s dividend payout ratio is presently 51.72%.

DNKN has been the topic of a number of recent research reports. 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 report on Friday, February 8th. UBS Group set a $72.00 target price on Dunkin Brands Group and gave the stock a “hold” rating in a report on Friday, May 3rd. BMO Capital Markets decreased their target price on Dunkin Brands Group to $75.00 and set an “outperform” rating on the stock in a report on Friday, February 8th. BidaskClub cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Citigroup decreased their target price on Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.05.

In other Dunkin Brands Group news, insider John L. Clare sold 17,129 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,537,544. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Scott Murphy sold 10,011 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.53, for a total value of $746,119.83. Following the sale, the chief operating officer now directly owns 20,233 shares in the company, valued at $1,507,965.49. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

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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 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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