Dunkin Brands Group (NASDAQ:DNKN) Announces Earnings Results, Beats Expectations By $0.04 EPS

Dunkin Brands Group (NASDAQ:DNKN) announced its earnings results on Thursday. The restaurant operator reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04, Morningstar.com reports. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The firm had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. During the same quarter last year, the business earned $0.77 earnings per share. Dunkin Brands Group’s revenue was up 2.5% compared to the same quarter last year. Dunkin Brands Group updated its FY 2019 guidance to $3.02-3.05 EPS and its FY19 guidance to $3.02-3.05 EPS.

Shares of DNKN traded up $1.68 during mid-day trading on Friday, reaching $80.64. The company had a trading volume of 859,629 shares, compared to its average volume of 560,185. The firm has a market capitalization of $6.66 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.48 and a beta of 0.46. The company’s fifty day simple moving average is $80.68. Dunkin Brands Group has a fifty-two week low of $61.69 and a fifty-two week high of $83.22.

In related news, COO Scott Murphy sold 1,660 shares of Dunkin Brands Group stock in a transaction on Friday, May 10th. The shares were sold at an average price of $74.50, for a total transaction of $123,670.00. Following the transaction, the chief operating officer now owns 11,882 shares in the company, valued at approximately $885,209. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John L. Clare sold 8,367 shares of Dunkin Brands Group stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $627,525.00. Following the transaction, the insider now owns 29,412 shares in the company, valued at approximately $2,205,900. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,630 shares of company stock worth $3,331,569. 1.70% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. lifted its holdings in shares of Dunkin Brands Group by 525.9% during the 1st quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 305 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of Dunkin Brands Group during the 1st quarter valued at $29,000. Oakworth Capital Inc. acquired a new position in shares of Dunkin Brands Group during the 2nd quarter valued at $42,000. Penserra Capital Management LLC acquired a new position in shares of Dunkin Brands Group during the 1st quarter valued at $38,000. Finally, Bremer Bank National Association acquired a new position in shares of Dunkin Brands Group during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 88.86% of the company’s stock.

A number of analysts recently issued reports on DNKN shares. Wells Fargo & Co raised their target price on shares of Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Credit Suisse Group started coverage on shares of Dunkin Brands Group in a research report on Tuesday, June 25th. They set an “underperform” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Morgan Stanley raised their target price on shares of Dunkin Brands Group from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, BidaskClub upgraded shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Two equities research analysts have rated the stock with a sell rating, sixteen 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 an average target price of $75.84.

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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Earnings History for Dunkin Brands Group (NASDAQ:DNKN)

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