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.
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.
Read More: What is a Swap?
Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.