Dunkin Brands Group (DNKN) Given Overweight Rating at Barclays

Barclays reaffirmed their overweight rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a report published on Tuesday, Marketbeat.com reports. They currently have a $70.00 price target on the restaurant operator’s stock, up from their previous price target of $63.00.

A number of other research firms have also recently commented on DNKN. Maxim Group reissued a buy rating and set a $64.00 price target on shares of Dunkin Brands Group in a report on Tuesday, October 17th. Zacks Investment Research raised Dunkin Brands Group from a sell rating to a hold rating in a report on Monday, October 16th. Jefferies Group raised Dunkin Brands Group from an underperform rating to a hold rating and boosted their price target for the stock from $48.00 to $56.00 in a report on Saturday, December 30th. Robert W. Baird set a $66.00 price target on Dunkin Brands Group and gave the stock a buy rating in a report on Monday, October 30th. Finally, Wedbush reissued a hold rating and set a $56.00 price target on shares of Dunkin Brands Group in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Dunkin Brands Group currently has an average rating of Hold and an average target price of $61.05.

Dunkin Brands Group (NASDAQ DNKN) traded down $0.53 during trading on Tuesday, hitting $64.56. The stock had a trading volume of 875,141 shares, compared to its average volume of 561,596. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43. Dunkin Brands Group has a 12 month low of $50.54 and a 12 month high of $66.44. The firm has a market cap of $5,879.12, a PE ratio of 26.79, a P/E/G ratio of 1.61 and a beta of 0.30.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 26th. The restaurant operator reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). Dunkin Brands Group had a negative return on equity of 140.12% and a net margin of 24.91%. The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $214.60 million. During the same period last year, the firm posted $0.60 EPS. Dunkin Brands Group’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts anticipate that Dunkin Brands Group will post 2.42 earnings per share for the current year.

Dunkin Brands Group announced that its Board of Directors has authorized a share repurchase program on Thursday, October 26th that permits the company to buyback $650.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds have recently modified their holdings of DNKN. Janus Henderson Group PLC bought a new stake in Dunkin Brands Group during the 2nd quarter worth $474,315,000. Vaughan Nelson Investment Management L.P. bought a new stake in Dunkin Brands Group during the 3rd quarter worth $43,085,000. HS Management Partners LLC bought a new stake in Dunkin Brands Group during the 3rd quarter worth $17,590,000. State of New Jersey Common Pension Fund D grew its position in shares of Dunkin Brands Group by 60.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 640,000 shares of the restaurant operator’s stock valued at $33,971,000 after buying an additional 240,000 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of Dunkin Brands Group by 377.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 294,753 shares of the restaurant operator’s stock valued at $16,247,000 after buying an additional 232,968 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.

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About Dunkin Brands Group

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.

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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