Dunkin Brands Group (NASDAQ:DNKN) had its target price boosted by equities researchers at Citigroup from $90.00 to $102.00 in a note issued to investors on Thursday, Briefing.com Automated Import reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup‘s price target would suggest a potential upside of 23.92% from the stock’s previous close.
A number of other analysts have also recently issued reports on DNKN. UBS Group set a $72.00 target price on Dunkin Brands Group and gave the stock a “hold” rating in a report on Friday, May 3rd. Evercore ISI began coverage on Dunkin Brands Group in a report on Tuesday, June 11th. They set an “in-line” rating and a $78.00 target price for the company. Argus upgraded Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Wednesday, August 7th. Maxim Group reiterated a “hold” rating and set a $79.00 target price on shares of Dunkin Brands Group in a report on Tuesday, July 30th. Finally, Wells Fargo & Co boosted their target price on Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $78.11.
Shares of NASDAQ:DNKN traded up $1.32 during trading on Thursday, reaching $82.31. 2,371 shares of the stock were exchanged, compared to its average volume of 697,840. Dunkin Brands Group has a 12-month low of $61.69 and a 12-month high of $83.22. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.46. The company has a 50-day moving average price of $80.90.
In related news, Director Nigel Travis sold 20,794 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $81.04, for a total transaction of $1,685,145.76. Following the sale, the director now directly owns 182,241 shares of the company’s stock, valued at approximately $14,768,810.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John L. Clare sold 12,577 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $80.60, for a total value of $1,013,706.20. Following the sale, the insider now directly owns 33,622 shares in the company, valued at $2,709,933.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,971 shares of company stock worth $8,093,413. Corporate insiders own 1.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. increased its position in Dunkin Brands Group by 8.6% in the second quarter. UBS Asset Management Americas Inc. now owns 105,277 shares of the restaurant operator’s stock worth $8,386,000 after buying an additional 8,323 shares during the period. Kings Point Capital Management grew its stake in shares of Dunkin Brands Group by 253.3% in the second quarter. Kings Point Capital Management now owns 530 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 380 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Dunkin Brands Group in the second quarter worth $267,000. Point72 Hong Kong Ltd grew its stake in shares of Dunkin Brands Group by 163.0% in the second quarter. Point72 Hong Kong Ltd now owns 3,219 shares of the restaurant operator’s stock worth $256,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Dunkin Brands Group by 31.1% in the second quarter. Cubist Systematic Strategies LLC now owns 22,747 shares of the restaurant operator’s stock worth $1,812,000 after purchasing an additional 5,395 shares in the last quarter. 88.05% of the stock is currently owned by institutional investors and hedge funds.
About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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