Dunkin Brands Group Inc (NASDAQ:DNKN) – Analysts at Jefferies Financial Group dropped their Q4 2018 earnings estimates for Dunkin Brands Group in a report released on Thursday, October 25th. Jefferies Financial Group analyst A. Barish now anticipates that the restaurant operator will earn $0.60 per share for the quarter, down from their prior forecast of $0.61. Jefferies Financial Group currently has a “Hold” rating and a $70.00 target price on the stock. Jefferies Financial Group also issued estimates for Dunkin Brands Group’s Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.70 EPS and FY2020 earnings at $3.22 EPS.
DNKN has been the topic of several other research reports. Robert W. Baird lifted their target price on Dunkin Brands Group from $80.00 to $82.00 and gave the company a “positive” rating in a research note on Monday, October 8th. BidaskClub upgraded Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Royal Bank of Canada lowered Dunkin Brands Group from an “outperform” rating to a “sector perform” rating and set a $76.02 price target for the company. in a report on Friday, September 14th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Dunkin Brands Group from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, July 16th. Finally, JPMorgan Chase & Co. lifted their price target on Dunkin Brands Group from $66.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $70.00.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a negative return on equity of 41.14% and a net margin of 30.28%. The company had revenue of $350.01 million for the quarter, compared to analysts’ expectations of $344.17 million.
A number of institutional investors and hedge funds have recently bought and sold shares of DNKN. First Hawaiian Bank acquired a new stake in Dunkin Brands Group in the 3rd quarter worth approximately $110,000. Fort L.P. acquired a new stake in Dunkin Brands Group in the 2nd quarter worth approximately $123,000. Advisors Preferred LLC lifted its holdings in Dunkin Brands Group by 797.1% in the 2nd quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 1,650 shares during the last quarter. GAM Holding AG acquired a new stake in Dunkin Brands Group in the 2nd quarter worth approximately $200,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Dunkin Brands Group in the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 98.83% of the company’s stock.
In related news, CFO Katherine D. Jaspon sold 8,300 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 10,715 shares in the company, valued at approximately $759,907.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Maceda sold 7,103 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $71.89, for a total value of $510,634.67. Following the completion of the sale, the senior vice president now owns 3,771 shares of the company’s stock, valued at $271,097.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 711,830 shares of company stock valued at $49,955,172. Corporate insiders own 3.00% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.39 annualized dividend and a yield of 1.91%. Dunkin Brands Group’s dividend payout ratio (DPR) is currently 57.20%.
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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