New Jersey Better Educational Savings Trust bought a new stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,000 shares of the restaurant operator’s stock, valued at approximately $496,000.
Several other hedge funds and other institutional investors have also made changes to their positions in DNKN. Russell Investments Group Ltd. acquired a new position in shares of Dunkin’ Brands Group during the fourth quarter valued at $157,000. US Bancorp DE increased its position in shares of Dunkin’ Brands Group by 1.8% in the first quarter. US Bancorp DE now owns 3,505 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 63 shares during the last quarter. Boston Advisors LLC acquired a new position in shares of Dunkin’ Brands Group during the second quarter valued at $202,000. OppenheimerFunds Inc. acquired a new position in shares of Dunkin’ Brands Group during the first quarter valued at $204,000. Finally, Barings LLC acquired a new position in shares of Dunkin’ Brands Group during the first quarter valued at $208,000. 96.88% of the stock is owned by institutional investors and hedge funds.
Shares of Dunkin’ Brands Group, Inc. (NASDAQ DNKN) opened at 53.37 on Thursday. The firm has a 50-day moving average price of $54.06 and a 200 day moving average price of $54.90. Dunkin’ Brands Group, Inc. has a one year low of $46.48 and a one year high of $59.70. The stock has a market capitalization of $4.82 billion, a PE ratio of 23.41 and a beta of 0.21.
Dunkin’ Brands Group (NASDAQ:DNKN) last released its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Dunkin’ Brands Group had a negative return on equity of 141.72% and a net margin of 25.48%. The company had revenue of $218.50 million during the quarter, compared to analysts’ expectations of $220.77 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts expect that Dunkin’ Brands Group, Inc. will post $2.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be issued a $0.3225 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.42%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is 56.33%.
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DNKN has been the subject of several research analyst reports. Argus raised Dunkin’ Brands Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $58.84 to $68.00 in a research note on Tuesday, June 6th. Maxim Group increased their price objective on Dunkin’ Brands Group from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research raised Dunkin’ Brands Group from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 price objective on shares of Dunkin’ Brands Group in a research note on Friday, July 21st. Finally, Stephens reissued an “equal weight” rating and issued a $54.00 price objective on shares of Dunkin’ Brands Group in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.47.
In other news, SVP Karen Raskopf sold 33,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $52.80, for a total value of $1,742,400.00. Following the completion of the transaction, the senior vice president now directly owns 33,000 shares of the company’s stock, valued at $1,742,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
Dunkin’ Brands Group Company Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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