Equities analysts expect that Dunkin’ Brands (NASDAQ:DNKN) will report sales of $342.67 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Dunkin’ Brands’ earnings, with the highest sales estimate coming in at $348.90 million and the lowest estimate coming in at $334.91 million. Dunkin’ Brands posted sales of $218.52 million during the same quarter last year, which suggests a positive year over year growth rate of 56.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Dunkin’ Brands will report full year sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.31 billion to $1.33 billion. For the next financial year, analysts expect that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Dunkin’ Brands.
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Dunkin’ Brands (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.10. The business had revenue of $301.30 million during the quarter, compared to analysts’ expectations of $303.72 million. Dunkin’ Brands had a net margin of 36.40% and a negative return on equity of 75.12%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share.
A number of research firms have issued reports on DNKN. ValuEngine raised shares of Dunkin’ Brands from a “hold” rating to a “buy” rating in a report on Monday, May 7th. BidaskClub raised shares of Dunkin’ Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. BTIG Research reaffirmed a “hold” rating on shares of Dunkin’ Brands in a report on Sunday, April 29th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $62.00 price target (up previously from $59.00) on shares of Dunkin’ Brands in a report on Thursday, February 22nd. Finally, Stephens raised their price target on shares of Dunkin’ Brands from $54.00 to $66.00 and gave the stock a “weight” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Dunkin’ Brands currently has a consensus rating of “Buy” and a consensus target price of $64.37.
In related news, insider John L. Clare sold 13,388 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $62.02, for a total transaction of $830,323.76. Following the sale, the insider now owns 29,772 shares in the company, valued at $1,846,459.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Katherine D. Jaspon sold 1,530 shares of the firm’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $64.84, for a total transaction of $99,205.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,583 shares of company stock valued at $17,414,472. 3.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its position in Dunkin’ Brands by 9.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 887,675 shares of the restaurant operator’s stock valued at $57,229,000 after buying an additional 75,975 shares during the period. American International Group Inc. grew its position in Dunkin’ Brands by 1.2% during the fourth quarter. American International Group Inc. now owns 198,566 shares of the restaurant operator’s stock valued at $12,802,000 after buying an additional 2,405 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Dunkin’ Brands during the fourth quarter valued at $13,251,000. Deutsche Bank AG grew its position in Dunkin’ Brands by 6.7% during the fourth quarter. Deutsche Bank AG now owns 530,470 shares of the restaurant operator’s stock valued at $34,196,000 after buying an additional 33,383 shares during the period. Finally, Fred Alger Management Inc. grew its position in shares of Dunkin’ Brands by 5.1% in the fourth quarter. Fred Alger Management Inc. now owns 61,043 shares of the restaurant operator’s stock valued at $3,935,000 after purchasing an additional 2,967 shares during the period. Institutional investors own 98.94% of the company’s stock.
Shares of NASDAQ DNKN traded down $0.90 during midday trading on Friday, reaching $65.16. The company had a trading volume of 1,088,489 shares, compared to its average volume of 1,137,161. The stock has a market cap of $5.48 billion, a P/E ratio of 26.81, a P/E/G ratio of 1.92 and a beta of 0.30. Dunkin’ Brands has a 1 year low of $50.89 and a 1 year high of $68.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of -3.54.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Tuesday, May 29th will be issued a dividend of $0.3475 per share. The ex-dividend date is Friday, May 25th. This represents a $1.39 annualized dividend and a dividend yield of 2.13%. Dunkin’ Brands’s dividend payout ratio (DPR) is presently 57.20%.
About Dunkin’ Brands
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.