Trade Report: The First Mercantile Trust Co. sells partial stakes of Dunkin’ Brands Group Inc. (DNKN)

The First Mercantile Trust Co. sells partial stakes of Dunkin’ Brands Group Inc. (DNKN)

First Mercantile Trust Co. decreased its stake in Dunkin’ Brands Group Inc. (NASDAQ:DNKN) by 16.7% during the second quarter, Holdings Channel reports. The firm owned 3,902 shares of the company’s stock after selling 780 shares during the period. First Mercantile Trust Co.’s holdings in Dunkin’ Brands Group were worth $170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new position in shares of Dunkin’ Brands Group during the second quarter valued at about $16,576,000. Moore Capital Management LP purchased a new position in shares of Dunkin’ Brands Group during the first quarter valued at about $12,972,000. Jackson Square Partners LLC boosted its stake in Dunkin’ Brands Group by 7.3% in the first quarter. Jackson Square Partners LLC now owns 3,619,237 shares of the company’s stock valued at $170,719,000 after buying an additional 247,432 shares during the period. First Trust Advisors LP bought a new stake in Dunkin’ Brands Group during the second quarter valued at $5,488,000. Finally, Vanguard Group Inc. boosted its stake in Dunkin’ Brands Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 6,499,624 shares of the company’s stock valued at $283,513,000 after buying an additional 121,691 shares during the period. 97.42% of the stock is currently owned by hedge funds and other institutional investors.

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) opened at 51.34 on Wednesday. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 39.01 and a beta of 0.23. The firm has a 50-day moving average price of $49.09 and a 200-day moving average price of $46.66. Dunkin’ Brands Group Inc. has a 12 month low of $36.44 and a 12 month high of $52.30.

Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Dunkin’ Brands Group had a negative return on equity of 106.20% and a net margin of 15.13%. The business had revenue of $216.30 million for the quarter, compared to the consensus estimate of $219.88 million. During the same quarter in the prior year, the company earned $0.50 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that Dunkin’ Brands Group Inc. will post $2.21 earnings per share for the current fiscal year.

DNKN has been the topic of several recent analyst reports. Credit Agricole SA cut shares of Dunkin’ Brands Group from an “outperform” rating to an “underperform” rating and cut their price target for the company from $53.00 to $49.00 in a report on Thursday, July 28th. Maxim Group lifted their price target on shares of Dunkin’ Brands Group from $54.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, September 27th. Credit Suisse Group AG reiterated a “buy” rating on shares of Dunkin’ Brands Group in a report on Thursday, June 30th. Robert W. Baird reiterated an “outperform” rating on shares of Dunkin’ Brands Group in a report on Thursday, September 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of Dunkin’ Brands Group in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.92.

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

About Dunkin’ Brands Group

Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

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