Today, Dunkin’ Brands Group Inc. (DNKN) Downgraded by Royal Bank Of Canada to Sector Perform

Today, Dunkin’ Brands Group Inc. (DNKN) Downgraded by Royal Bank Of Canada to Sector Perform

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They presently have a $54.00 price target on the stock, up from their previous price target of $51.00. Royal Bank Of Canada’s target price indicates a potential upside of 5.20% from the stock’s current price.

Several other equities research analysts also recently commented on DNKN. Citigroup Inc. boosted their target price on shares of Dunkin’ Brands Group from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Longbow Research restated an “underperform” rating and issued a $34.00 target price on shares of Dunkin’ Brands Group in a research note on Monday, August 15th. Credit Suisse Group AG boosted their target price on shares of Dunkin’ Brands Group from $51.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. BMO Capital Markets restated a “hold” rating and issued a $46.00 target price on shares of Dunkin’ Brands Group in a research note on Friday, July 22nd. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Dunkin’ Brands Group from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.03.

Dunkin’ Brands Group (NASDAQ:DNKN) opened at 51.33 on Monday. The firm has a market cap of $4.71 billion, a PE ratio of 39.00 and a beta of 0.23. The stock has a 50 day moving average of $49.78 and a 200 day moving average of $46.95. Dunkin’ Brands Group has a 52 week low of $36.44 and a 52 week high of $52.30.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 21st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Dunkin’ Brands Group had a net margin of 15.13% and a negative return on equity of 106.20%. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $219.88 million. During the same quarter in the previous year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Dunkin’ Brands Group will post $2.21 EPS for the current year.

In related news, insider John H. Costello sold 12,782 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $45.15, for a total transaction of $577,107.30. Following the completion of the sale, the insider now directly owns 19,671 shares of the company’s stock, valued at approximately $888,145.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William M. Mitchell sold 5,648 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $45.87, for a total value of $259,073.76. Following the sale, the insider now directly owns 5,648 shares of the company’s stock, valued at $259,073.76. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DNKN. CLS Investments LLC boosted its stake in Dunkin’ Brands Group by 0.3% in the second quarter. CLS Investments LLC now owns 20,834 shares of the company’s stock worth $909,000 after buying an additional 61 shares during the last quarter. Profund Advisors LLC boosted its stake in Dunkin’ Brands Group by 0.7% in the second quarter. Profund Advisors LLC now owns 11,049 shares of the company’s stock worth $482,000 after buying an additional 80 shares during the last quarter. M&T Bank Corp boosted its stake in Dunkin’ Brands Group by 1.2% in the second quarter. M&T Bank Corp now owns 12,741 shares of the company’s stock worth $556,000 after buying an additional 154 shares during the last quarter. MSI Financial Services Inc boosted its stake in Dunkin’ Brands Group by 3.6% in the third quarter. MSI Financial Services Inc now owns 4,942 shares of the company’s stock worth $257,000 after buying an additional 172 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Dunkin’ Brands Group by 0.4% in the first quarter. Loomis Sayles & Co. L P now owns 53,025 shares of the company’s stock worth $2,501,000 after buying an additional 198 shares during the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

Dunkin’ Brands Group Company Profile

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