Dunkin Brands Group Inc (DNKN) Stake Raised by Louisiana State Employees Retirement System

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Louisiana State Employees Retirement System lifted its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,100 shares of the restaurant operator’s stock after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Dunkin Brands Group were worth $1,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Dunkin Brands Group by 5.6% during the 4th quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock worth $491,126,000 after purchasing an additional 406,993 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,317,088 shares of the restaurant operator’s stock worth $539,415,000 after purchasing an additional 207,003 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock worth $539,415,000 after purchasing an additional 207,003 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Dunkin Brands Group by 6,312.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,073,384 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 2,041,048 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Dunkin Brands Group by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,139,525 shares of the restaurant operator’s stock worth $84,007,000 after purchasing an additional 59,797 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

In other news, insider John L. Clare sold 17,129 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $69.00, for a total value of $1,181,901.00. Following the completion of the sale, the insider now directly owns 36,776 shares of the company’s stock, valued at $2,537,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:DNKN opened at $76.79 on Wednesday. Dunkin Brands Group Inc has a one year low of $60.24 and a one year high of $77.13. The stock has a market capitalization of $6.30 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.29 and a beta of 0.49.

Dunkin Brands Group (NASDAQ:DNKN) last announced its earnings results on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Dunkin Brands Group had a net margin of 17.40% and a negative return on equity of 31.51%. The business had revenue of $319.60 million during the quarter, compared to analysts’ expectations of $329.83 million. During the same period in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dunkin Brands Group Inc will post 2.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 8th. Dunkin Brands Group’s dividend payout ratio is presently 51.72%.

Several equities research analysts have recently issued reports on DNKN shares. Zacks Investment Research cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. BidaskClub cut shares of Dunkin Brands Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 27th. Maxim Group reissued a “buy” rating and issued a $83.00 price target on shares of Dunkin Brands Group in a research report on Wednesday, January 9th. OTR Global cut shares of Dunkin Brands Group to a “positive” rating in a research report on Friday, January 25th. Finally, BMO Capital Markets reduced their price target on shares of Dunkin Brands Group to $75.00 and set an “outperform” rating for the company in a research report on Friday, February 8th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.05.

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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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Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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