Dunkin Brands Group (DNKN) Upgraded at BidaskClub

Dunkin Brands Group (NASDAQ:DNKN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other equities analysts also recently commented on DNKN. Zacks Investment Research downgraded shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Maxim Group reissued a “hold” rating and issued a $79.00 target price on shares of Dunkin Brands Group in a report on Tuesday, April 16th. Oppenheimer began coverage on shares of Dunkin Brands Group in a report on Tuesday, March 26th. They issued a “market perform” rating on the stock. Mizuho set a $61.00 target price on shares of Dunkin Brands Group and gave the stock a “sell” rating in a report on Friday, February 8th. Finally, Argus downgraded shares of Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $68.92 target price 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 five have assigned a buy rating to the company. Dunkin Brands Group presently has an average rating of “Hold” and a consensus price target of $70.05.

Shares of NASDAQ:DNKN opened at $73.80 on Tuesday. Dunkin Brands Group has a 1-year low of $61.69 and a 1-year high of $77.50. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.28 and a beta of 0.47.

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The firm had revenue of $319.10 million for the quarter, compared to the consensus estimate of $312.38 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that Dunkin Brands Group will post 3 EPS for the current fiscal year.

In related news, insider John L. Clare sold 17,129 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $69.00, for a total transaction of $1,181,901.00. Following the sale, the insider now 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 the SEC website. Also, COO Scott Murphy sold 10,011 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $74.53, for a total transaction of $746,119.83. Following the sale, the chief operating officer now directly owns 20,233 shares in the company, valued at approximately $1,507,965.49. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Dunkin Brands Group by 5.6% during the fourth quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock valued at $491,126,000 after acquiring an additional 406,993 shares during the last quarter. Vanguard Group Inc increased its position in Dunkin Brands Group by 2.9% during the third quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock valued at $539,415,000 after acquiring an additional 207,003 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position 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 valued at $32,000 after acquiring an additional 2,041,048 shares during the last quarter. Victory Capital Management Inc. increased its position in Dunkin Brands Group by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 956,450 shares of the restaurant operator’s stock valued at $61,328,000 after acquiring an additional 93,315 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Dunkin Brands Group by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock valued at $53,868,000 after acquiring an additional 53,768 shares during the last quarter. 93.71% of the stock is currently owned by institutional investors.

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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