Today, Dunkin’ Brands Group Inc. (DNKN) gets Sector Perform status at RBC Capital Markets

Today, Dunkin’ Brands Group Inc. (DNKN) gets Sector Perform status at RBC Capital Markets

RBC Capital Markets cut shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) from an outperform rating to a sector perform rating in a research report sent to investors on Monday. They currently have $54.00 price target on the stock, up from their previous price target of $51.00. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Dunkin’ Brands Group to a buy rating in a report on Friday. Maxim Group raised their target price on shares of Dunkin’ Brands Group from $54.00 to $57.00 and gave the stock a buy rating in a report on Tuesday, September 27th. Citigroup Inc. lifted their price target on shares of Dunkin’ Brands Group from $51.00 to $57.00 and gave the company a buy rating in a report on Tuesday, September 13th. Credit Suisse Group AG reiterated a buy rating on shares of Dunkin’ Brands Group in a report on Monday, July 18th. Finally, BMO Capital Markets reiterated a hold rating and issued a $46.00 price target on shares of Dunkin’ Brands Group in a report on Friday, July 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $48.03.

Dunkin’ Brands Group (NASDAQ:DNKN) traded up 0.63% on Monday, hitting $50.98. 35,538 shares of the company were exchanged. The stock has a 50 day moving average of $49.82 and a 200 day moving average of $46.97. Dunkin’ Brands Group has a 52 week low of $36.44 and a 52 week high of $52.30. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 38.74 and a beta of 0.23.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $216.30 million for the quarter, compared to analysts’ expectations of $219.88 million. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Analysts predict that Dunkin’ Brands Group will post $2.21 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in DNKN. Deprince Race & Zollo Inc. increased its position in shares of Dunkin’ Brands Group by 8.6% in the second quarter. Deprince Race & Zollo Inc. now owns 825,297 shares of the company’s stock worth $35,999,000 after buying an additional 65,081 shares during the period. Mariner Wealth Advisors LLC increased its position in shares of Dunkin’ Brands Group by 4.7% in the first quarter. Mariner Wealth Advisors LLC now owns 5,902 shares of the company’s stock worth $278,000 after buying an additional 266 shares during the period. AXA increased its position in shares of Dunkin’ Brands Group by 474.5% in the first quarter. AXA now owns 31,600 shares of the company’s stock worth $1,491,000 after buying an additional 26,100 shares during the period. Credit Agricole S A increased its position in shares of Dunkin’ Brands Group by 5.1% in the first quarter. Credit Agricole S A now owns 46,515 shares of the company’s stock worth $2,194,000 after buying an additional 2,240 shares during the period. Finally, BlackRock Group LTD increased its position in shares of Dunkin’ Brands Group by 20.0% in the first quarter. BlackRock Group LTD now owns 89,162 shares of the company’s stock worth $4,206,000 after buying an additional 14,860 shares during the period. Institutional investors own 96.93% of the company’s stock.

About Dunkin’ Brands Group

Related posts

Leave a Comment