Dunkin Brands Group Inc (NASDAQ:DNKN) – Investment analysts at Piper Jaffray Companies dropped their Q3 2019 earnings estimates for Dunkin Brands Group in a report released on Thursday, August 1st, Zacks Investment Research reports. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings of $0.81 per share for the quarter, down from their prior forecast of $0.82. Piper Jaffray Companies also issued estimates for Dunkin Brands Group’s FY2019 earnings at $3.05 EPS, Q2 2020 earnings at $0.92 EPS, Q3 2020 earnings at $0.86 EPS and FY2020 earnings at $3.26 EPS.
Several other brokerages have also weighed in on DNKN. Wedbush reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Dunkin Brands Group in a research report on Friday, August 2nd. Citigroup raised their price objective on shares of Dunkin Brands Group from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Morgan Stanley raised their price objective on shares of Dunkin Brands Group from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Wells Fargo & Co raised their price objective on shares of Dunkin Brands Group from $68.00 to $78.00 and gave the company a “market perform” rating in a research report on Monday, July 15th. Finally, Credit Suisse Group started coverage on shares of Dunkin Brands Group in a research report on Tuesday, June 25th. They set an “underperform” rating and a $70.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $78.11.
DNKN traded down $0.94 during midday trading on Monday, hitting $82.54. 359,964 shares of the company’s stock traded hands, compared to its average volume of 738,706. The company has a market cap of $6.91 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.48 and a beta of 0.46. The stock’s fifty day simple moving average is $81.45 and its 200-day simple moving average is $76.33. Dunkin Brands Group has a one year low of $61.69 and a one year high of $84.50.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, August 30th. This represents a $1.50 annualized dividend and a yield of 1.82%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 51.72%.
In other news, insider John L. Clare sold 12,577 shares of the firm’s stock in a transaction 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 owns 33,622 shares in the company, valued at $2,709,933.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nigel Travis sold 20,794 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 182,241 shares in the company, valued at approximately $14,768,810.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,077 shares of company stock worth $10,123,627. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in DNKN. Point72 Asset Management L.P. acquired a new stake in shares of Dunkin Brands Group in the second quarter worth $78,023,000. Norges Bank acquired a new stake in shares of Dunkin Brands Group in the fourth quarter worth $37,948,000. Deutsche Bank AG grew its stake in shares of Dunkin Brands Group by 432.3% in the fourth quarter. Deutsche Bank AG now owns 516,822 shares of the restaurant operator’s stock worth $33,135,000 after acquiring an additional 419,727 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Dunkin Brands Group in the first quarter worth $23,173,000. Finally, HS Management Partners LLC grew its stake in shares of Dunkin Brands Group by 45.6% in the second quarter. HS Management Partners LLC now owns 906,345 shares of the restaurant operator’s stock worth $72,199,000 after acquiring an additional 283,675 shares during the last quarter. Institutional investors and hedge funds own 87.21% of the company’s stock.
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.