Alta Capital Management LLC Sells 745 Shares of Dunkin Brands Group Inc (NASDAQ:DNKN)

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Alta Capital Management LLC lessened its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,470 shares of the restaurant operator’s stock after selling 745 shares during the period. Alta Capital Management LLC’s holdings in Dunkin Brands Group were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position in Dunkin Brands Group by 1.1% in the second quarter. BlackRock Inc. now owns 7,537,015 shares of the restaurant operator’s stock valued at $600,398,000 after acquiring an additional 78,760 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Dunkin Brands Group by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,482,263 shares of the restaurant operator’s stock valued at $596,037,000 after purchasing an additional 20,772 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Dunkin Brands Group by 0.7% during the second quarter. Invesco Ltd. now owns 1,596,446 shares of the restaurant operator’s stock valued at $127,174,000 after purchasing an additional 10,908 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dunkin Brands Group by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 1,103,496 shares of the restaurant operator’s stock valued at $87,904,000 after purchasing an additional 36,166 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Dunkin Brands Group during the second quarter valued at about $78,023,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Dunkin Brands Group stock opened at $74.49 on Wednesday. The stock’s 50 day moving average is $78.89 and its 200 day moving average is $78.55. The firm has a market cap of $6.27 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.53 and a beta of 0.45. Dunkin Brands Group Inc has a one year low of $61.69 and a one year high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The company had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. As a group, analysts predict that Dunkin Brands Group Inc will post 3.05 EPS for the current year.

A number of analysts have recently commented on DNKN shares. Credit Suisse Group started coverage on Dunkin Brands Group in a research note on Tuesday, June 25th. They set an “underperform” rating and a $70.00 price target on the stock. Maxim Group lifted their price target on Dunkin Brands Group from $79.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. Citigroup lifted their price target on Dunkin Brands Group from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, OTR Global raised Dunkin Brands Group from a “mixed” rating to a “positive” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Dunkin Brands Group has a consensus rating of “Hold” and a consensus price target of $79.47.

In related news, SVP John Varughese sold 4,000 shares of Dunkin Brands Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $83.43, for a total value of $333,720.00. Following the transaction, the senior vice president now directly owns 5,425 shares of the company’s stock, valued at $452,607.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nigel Travis sold 25,000 shares of Dunkin Brands Group stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $82.53, for a total value of $2,063,250.00. Following the completion of the transaction, the director now directly owns 172,624 shares in the company, valued at $14,246,658.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,077 shares of company stock worth $10,123,627. 1.70% of the stock is owned by insiders.

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

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