Wedbush Boosts Dunkin Brands Group (NASDAQ:DNKN) Price Target to $67.00

Dunkin Brands Group (NASDAQ:DNKN) had its target price upped by Wedbush from $63.00 to $67.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Dunkin Brands Group from $60.00 to $68.00 and gave the stock a sector perform rating in a research report on Friday, May 1st. Jefferies Financial Group increased their price objective on shares of Dunkin Brands Group from $50.00 to $60.00 and gave the company a hold rating in a research note on Wednesday, April 22nd. Cfra cut their price objective on shares of Dunkin Brands Group from $80.00 to $68.00 and set a hold rating on the stock in a report on Thursday, April 30th. Oppenheimer restated a hold rating on shares of Dunkin Brands Group in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Dunkin Brands Group from $67.00 to $72.00 and gave the company a neutral rating in a report on Wednesday, June 24th. Seventeen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Dunkin Brands Group presently has a consensus rating of Hold and a consensus price target of $74.86.

Shares of NASDAQ:DNKN traded up $0.08 during midday trading on Thursday, hitting $68.73. The company’s stock had a trading volume of 1,078,805 shares, compared to its average volume of 807,135. The business’s 50 day simple moving average is $66.07 and its 200 day simple moving average is $65.61. The company has a market cap of $5.64 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. Dunkin Brands Group has a 12-month low of $38.51 and a 12-month high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $287.40 million for the quarter, compared to the consensus estimate of $275.52 million. Dunkin Brands Group had a net margin of 16.79% and a negative return on equity of 38.22%. The business’s revenue was down 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Sell-side analysts forecast that Dunkin Brands Group will post 2.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Tuesday, September 1st will be given a $0.403 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, August 31st. Dunkin Brands Group’s dividend payout ratio (DPR) is 50.79%.

In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total value of $462,000.00. Following the sale, the chief financial officer now directly owns 12,730 shares in the company, valued at $840,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Coastline Trust Co grew its holdings in shares of Dunkin Brands Group by 0.6% during the first quarter. Coastline Trust Co now owns 24,270 shares of the restaurant operator’s stock worth $1,289,000 after purchasing an additional 150 shares during the last quarter. D.B. Root & Company LLC lifted its stake in shares of Dunkin Brands Group by 2.0% during the first quarter. D.B. Root & Company LLC now owns 8,450 shares of the restaurant operator’s stock valued at $448,000 after acquiring an additional 163 shares during the period. Procyon Private Wealth Partners LLC lifted its stake in shares of Dunkin Brands Group by 10.1% during the first quarter. Procyon Private Wealth Partners LLC now owns 2,175 shares of the restaurant operator’s stock valued at $115,000 after acquiring an additional 200 shares during the period. Signaturefd LLC lifted its stake in shares of Dunkin Brands Group by 12.2% during the first quarter. Signaturefd LLC now owns 1,945 shares of the restaurant operator’s stock valued at $103,000 after acquiring an additional 212 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Dunkin Brands Group by 3.1% during the first quarter. Integrated Wealth Concepts LLC now owns 7,283 shares of the restaurant operator’s stock valued at $387,000 after acquiring an additional 220 shares during the period. Institutional investors own 86.33% 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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

Further Reading: Hedge Funds – How They Work For Investors

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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