Wedbush Increases Dunkin Brands Group (NASDAQ:DNKN) Price Target to $67.00

Dunkin Brands Group (NASDAQ:DNKN) had its price objective upped by investment analysts at Wedbush from $63.00 to $67.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Wedbush’s price target would indicate a potential downside of 2.52% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Wolfe Research initiated coverage on shares of Dunkin Brands Group in a report on Friday, April 17th. They issued an “outperform” rating and a $68.00 price objective for the company. Credit Suisse Group lowered their price objective on Dunkin Brands Group from $73.00 to $67.00 in a report on Sunday, April 19th. BTIG Research raised their price objective on Dunkin Brands Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. KeyCorp reaffirmed a “buy” rating and set a $78.00 target price on shares of Dunkin Brands Group in a research report on Monday, July 27th. Finally, UBS Group lifted their price target on shares of Dunkin Brands Group from $66.00 to $71.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Seventeen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $74.86.

Shares of Dunkin Brands Group stock opened at $68.73 on Thursday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.23 and a beta of 0.90. The stock has a 50-day simple moving average of $66.07 and a 200-day simple moving average of $65.61. Dunkin Brands Group has a 52-week low of $38.51 and a 52-week high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Dunkin Brands Group had a net margin of 16.79% and a negative return on equity of 38.22%. The firm had revenue of $287.40 million during the quarter, compared to analysts’ expectations of $275.52 million. During the same period in the previous year, the company earned $0.86 earnings per share. The company’s revenue was down 20.0% compared to the same quarter last year. On average, equities research analysts predict that Dunkin Brands Group will post 2.57 EPS for the current year.

In related news, CFO Katherine D. Jaspon sold 7,000 shares of Dunkin Brands Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $66.00, for a total transaction of $462,000.00. Following the transaction, the chief financial officer now owns 12,730 shares of the company’s stock, valued at approximately $840,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Coastline Trust Co boosted its holdings in shares of Dunkin Brands Group by 0.6% in the 1st quarter. Coastline Trust Co now owns 24,270 shares of the restaurant operator’s stock valued at $1,289,000 after buying an additional 150 shares during the last quarter. D.B. Root & Company LLC raised its position in Dunkin Brands Group by 2.0% in the first quarter. D.B. Root & Company LLC now owns 8,450 shares of the restaurant operator’s stock valued at $448,000 after purchasing an additional 163 shares during the last quarter. Procyon Private Wealth Partners LLC grew its holdings in Dunkin Brands Group by 10.1% during the 1st quarter. Procyon Private Wealth Partners LLC now owns 2,175 shares of the restaurant operator’s stock worth $115,000 after acquiring an additional 200 shares during the last quarter. Signaturefd LLC increased its stake in shares of Dunkin Brands Group by 12.2% in the first quarter. Signaturefd LLC now owns 1,945 shares of the restaurant operator’s stock valued at $103,000 after buying an additional 212 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Dunkin Brands Group by 3.1% during the first quarter. Integrated Wealth Concepts LLC now owns 7,283 shares of the restaurant operator’s stock worth $387,000 after buying an additional 220 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.

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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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