Dunkin Brands Group Inc (NASDAQ:DNKN) – Stock analysts at William Blair reduced their Q2 2019 earnings estimates for Dunkin Brands Group in a research report issued on Thursday, February 7th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $0.81 per share for the quarter, down from their prior forecast of $0.82.
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Several other brokerages have also commented on DNKN. Gordon Haskett began coverage on Dunkin Brands Group in a report on Thursday, October 18th. They issued a “hold” rating and a $70.00 price objective for the company. Zacks Investment Research reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Dunkin Brands Group in a report on Tuesday, November 13th. TheStreet raised Dunkin Brands Group from a “c+” rating to a “b-” rating in a report on Friday, November 9th. JPMorgan Chase & Co. cut their price objective on Dunkin Brands Group from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, November 14th. Finally, Wells Fargo & Co lifted their price objective on Dunkin Brands Group from $66.00 to $67.00 and gave the stock a “market perform” rating in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $70.79.
Shares of DNKN opened at $68.11 on Monday. Dunkin Brands Group has a one year low of $57.33 and a one year high of $77.13. The firm has a market capitalization of $5.67 billion, a P/E ratio of 23.49, a PEG ratio of 1.84 and a beta of 0.53.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The company had revenue of $319.60 million during the quarter, compared to analyst estimates of $329.83 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. Dunkin Brands Group’s revenue was up 1.5% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 11th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, March 8th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a yield of 2.20%. Dunkin Brands Group’s payout ratio is 47.93%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNKN. Oregon Public Employees Retirement Fund lifted 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 purchasing an additional 2,041,048 shares in the last quarter. BlackRock Inc. increased its stake 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 worth $491,126,000 after acquiring an additional 406,993 shares during the last quarter. Jennison Associates LLC bought a new stake in Dunkin Brands Group during the third quarter worth approximately $26,921,000. Massachusetts Financial Services Co. MA increased its stake in Dunkin Brands Group by 96.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 542,930 shares of the restaurant operator’s stock worth $34,813,000 after acquiring an additional 266,796 shares during the last quarter. Finally, Vanguard Group Inc increased its stake 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 worth $539,415,000 after acquiring an additional 207,003 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
About Dunkin Brands Group
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.
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