Dunkin Brands Group (NASDAQ:DNKN) had its price objective increased by stock analysts at BMO Capital Markets from $78.00 to $81.00 in a report released on Friday. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target suggests a potential upside of 11.63% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Dunkin Brands Group in a report on Friday, July 27th. TheStreet raised Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. Maxim Group reissued a “buy” rating and issued a $83.00 target price on shares of Dunkin Brands Group in a report on Thursday. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price on shares of Dunkin Brands Group in a report on Thursday, July 26th. Finally, BidaskClub raised Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $69.13.
Shares of NASDAQ DNKN traded down $1.14 during mid-day trading on Friday, hitting $72.56. 51,847 shares of the company were exchanged, compared to its average volume of 1,000,868. The company has a debt-to-equity ratio of -3.72, a current ratio of 1.53 and a quick ratio of 1.53. Dunkin Brands Group has a 1-year low of $53.68 and a 1-year high of $77.13. The company has a market cap of $6.07 billion, a PE ratio of 29.87, a P/E/G ratio of 2.14 and a beta of 0.35.
In other news, SVP Jason Maceda sold 7,103 shares of Dunkin Brands Group stock in a transaction on Friday, August 10th. The stock was sold at an average price of $71.89, for a total transaction of $510,634.67. Following the completion of the transaction, the senior vice president now owns 3,771 shares of the company’s stock, valued at approximately $271,097.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Katherine D. Jaspon sold 8,300 shares of Dunkin Brands Group stock in a transaction on Monday, August 6th. The stock was sold at an average price of $70.92, for a total value of $588,636.00. Following the transaction, the chief financial officer now directly owns 10,715 shares of the company’s stock, valued at approximately $759,907.80. The disclosure for this sale can be found here. Insiders have sold a total of 711,830 shares of company stock valued at $49,955,172 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Dunkin Brands Group by 1,645.7% during the 2nd quarter. Victory Capital Management Inc. now owns 839,389 shares of the restaurant operator’s stock worth $57,976,000 after purchasing an additional 791,307 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Dunkin Brands Group during the 2nd quarter worth about $23,435,000. BTIM Corp. purchased a new stake in Dunkin Brands Group during the 2nd quarter worth about $19,762,000. Russell Investments Group Ltd. increased its position in Dunkin Brands Group by 284.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 208,781 shares of the restaurant operator’s stock worth $15,396,000 after purchasing an additional 154,506 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in Dunkin Brands Group during the 2nd quarter worth about $7,625,000. 98.83% of the stock is owned by institutional investors and hedge funds.
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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