Dunkin Brands Group Inc (NASDAQ:DNKN) – Equities researchers at William Blair reduced their Q2 2019 earnings per share (EPS) estimates for shares of Dunkin Brands Group in a note issued to investors on Thursday, February 7th. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $0.81 per share for the quarter, down from their prior estimate of $0.82.
DNKN has been the topic of several other research reports. Zacks Investment Research raised Dunkin Brands Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. JPMorgan Chase & Co. cut their target price on Dunkin Brands Group from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 14th. Maxim Group reaffirmed a “buy” rating and set a $83.00 target price on shares of Dunkin Brands Group in a research note on Thursday, October 25th. OTR Global downgraded Dunkin Brands Group to a “positive” rating in a research note on Friday, January 25th. Finally, TheStreet raised Dunkin Brands Group from a “c+” rating to a “b-” rating in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.79.
Shares of Dunkin Brands Group stock opened at $67.51 on Monday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.84 and a beta of 0.53. Dunkin Brands Group has a 1-year low of $57.28 and a 1-year high of $77.13.
Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, February 7th. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $319.60 million for the quarter, compared to the consensus estimate of $329.83 million. Dunkin Brands Group had a negative return on equity of 31.51% and a net margin of 17.40%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, March 8th. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a dividend yield of 2.22%. Dunkin Brands Group’s dividend payout ratio (DPR) is 47.93%.
Several hedge funds have recently modified their holdings of DNKN. Oregon Public Employees Retirement Fund increased its position in shares of Dunkin Brands Group by 6,312.0% during the 4th 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 during the period. BlackRock Inc. increased its position in shares of Dunkin Brands Group by 5.6% during the 4th quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock valued at $491,126,000 after purchasing an additional 406,993 shares during the period. Jennison Associates LLC acquired a new position in shares of Dunkin Brands Group during the 3rd quarter valued at $26,921,000. Massachusetts Financial Services Co. MA increased its position in shares of Dunkin Brands Group by 96.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 542,930 shares of the restaurant operator’s stock valued at $34,813,000 after purchasing an additional 266,796 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,317,088 shares of the restaurant operator’s stock valued at $539,415,000 after purchasing an additional 207,003 shares during the period. Institutional investors own 94.48% of the company’s stock.
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 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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