Treasurer of the State of North Carolina grew its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,922 shares of the restaurant operator’s stock after acquiring an additional 670 shares during the period. Treasurer of the State of North Carolina’s holdings in Dunkin Brands Group were worth $2,782,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Dunkin Brands Group in the 2nd quarter valued at about $78,023,000. HS Management Partners LLC grew its stake in Dunkin Brands Group by 45.6% in the 2nd quarter. HS Management Partners LLC now owns 906,345 shares of the restaurant operator’s stock valued at $72,199,000 after buying an additional 283,675 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Dunkin Brands Group by 345.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 264,129 shares of the restaurant operator’s stock valued at $21,040,000 after buying an additional 204,784 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Dunkin Brands Group by 75.6% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 336,049 shares of the restaurant operator’s stock worth $64,981,000 after purchasing an additional 144,669 shares in the last quarter. Finally, Jackson Square Partners LLC grew its position in shares of Dunkin Brands Group by 7.4% during the 1st quarter. Jackson Square Partners LLC now owns 1,850,486 shares of the restaurant operator’s stock worth $138,971,000 after purchasing an additional 128,079 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.
A number of research analysts have issued reports on DNKN shares. Wells Fargo & Co increased 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 research report on Monday, July 15th. Citigroup increased their target price on shares of Dunkin Brands Group from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Zacks Investment Research lowered shares of Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a research report on Tuesday, September 17th. Wedbush restated an “outperform” rating and set a $92.00 target price on shares of Dunkin Brands Group in a research report on Friday, August 2nd. Finally, Evercore ISI started coverage on shares of Dunkin Brands Group in a research report on Tuesday, June 11th. They set an “in-line” rating and a $78.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $78.59.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The business had revenue of $359.30 million during the quarter, compared to the consensus estimate of $360.32 million. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts predict that Dunkin Brands Group Inc will post 3.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, September 3rd were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Dunkin Brands Group’s payout ratio is 51.72%.
In related news, insider John L. Clare sold 12,577 shares of the 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 completion of the transaction, the insider now owns 33,622 shares of the company’s stock, valued at approximately $2,709,933.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nigel Travis sold 61,706 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $81.48, for a total transaction of $5,027,804.88. Following the completion of the transaction, the director now directly owns 166,081 shares of the company’s stock, valued at approximately $13,532,279.88. The disclosure for this sale can be found here. In the last three months, insiders sold 124,077 shares of company stock valued at $10,123,627. 1.70% of the stock is owned by insiders.
Dunkin Brands Group Profile
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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