Signition LP bought a new stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,428 shares of the restaurant operator’s stock, valued at approximately $273,000.
Other institutional investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. lifted its position in shares of Dunkin Brands Group by 525.9% during the first quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 305 shares during the last quarter. CENTRAL TRUST Co bought a new position in Dunkin Brands Group in the first quarter worth about $29,000. Penserra Capital Management LLC bought a new position in Dunkin Brands Group in the first quarter worth about $38,000. Bremer Bank National Association bought a new position in Dunkin Brands Group in the first quarter worth about $41,000. Finally, Oakworth Capital Inc. bought a new position in Dunkin Brands Group in the second quarter worth about $42,000. Institutional investors own 87.21% of the company’s stock.
In related news, Director Nigel Travis sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $82.53, for a total transaction of $2,063,250.00. Following the transaction, the director now owns 172,624 shares in the company, valued at $14,246,658.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Varughese sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.43, for a total transaction of $333,720.00. Following the transaction, the senior vice president now owns 5,425 shares in the company, valued at approximately $452,607.75. The disclosure for this sale can be found here. Insiders have sold 124,077 shares of company stock worth $10,123,627 in the last quarter. Company insiders own 1.70% of the company’s stock.
Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.04. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The business had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dunkin Brands Group Inc will post 3.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.83%. Dunkin Brands Group’s dividend payout ratio is presently 51.72%.
DNKN has been the topic of a number of recent research reports. BidaskClub raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Wells Fargo & Co raised their target price on shares of Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a report on Monday, July 15th. Credit Suisse Group initiated coverage on shares of Dunkin Brands Group in a report on Tuesday, June 25th. They issued an “underperform” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Finally, Argus raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Dunkin Brands Group currently has a consensus rating of “Hold” and an average price target of $78.11.
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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