Xact Kapitalforvaltning AB raised its stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 13,067 shares of the restaurant operator’s stock after buying an additional 900 shares during the period. Xact Kapitalforvaltning AB’s holdings in Dunkin Brands Group were worth $838,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Palo Capital Inc. raised its holdings in shares of Dunkin Brands Group by 5.8% in the 4th quarter. Palo Capital Inc. now owns 17,374 shares of the restaurant operator’s stock worth $1,114,000 after purchasing an additional 956 shares during the period. Keybank National Association OH raised its holdings in Dunkin Brands Group by 2.0% during the 4th quarter. Keybank National Association OH now owns 25,300 shares of the restaurant operator’s stock valued at $1,622,000 after acquiring an additional 500 shares during the period. Heritage Way Advisors LLC raised its holdings in Dunkin Brands Group by 2.1% during the 4th quarter. Heritage Way Advisors LLC now owns 31,819 shares of the restaurant operator’s stock valued at $2,040,000 after acquiring an additional 646 shares during the period. Huntington National Bank bought a new stake in Dunkin Brands Group during the 4th quarter valued at $64,000. Finally, Flagship Harbor Advisors LLC raised its holdings in Dunkin Brands Group by 13.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 3,529 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 427 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
A number of brokerages have issued reports on DNKN. UBS Group set a $72.00 target price on shares of Dunkin Brands Group and gave the company a “hold” rating in a report on Friday. Mizuho set a $61.00 target price on shares of Dunkin Brands Group and gave the company a “sell” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Dunkin Brands Group to $75.00 and set an “outperform” rating on the stock in a report on Friday. Maxim Group reissued a “buy” rating and set a $79.00 target price (down previously from $83.00) on shares of Dunkin Brands Group in a report on Friday. Finally, Zacks Investment Research raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.79.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $319.60 million during the quarter, compared to analyst estimates of $329.83 million. Dunkin Brands Group had a net margin of 17.40% and a negative return on equity of 31.51%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Research analysts forecast that Dunkin Brands Group Inc will post 2.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 11th will be given a $0.375 dividend. The ex-dividend date is Friday, March 8th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a yield of 2.20%. Dunkin Brands Group’s payout ratio is 47.93%.
Dunkin Brands Group 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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