Envestnet Asset Management Inc. cut its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,309 shares of the company’s stock after selling 572 shares during the period. Envestnet Asset Management Inc.’s holdings in Dunkin Brands Group were worth $488,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Dunkin Brands Group during the fourth quarter worth $157,000. Boston Financial Mangement LLC bought a new position in shares of Dunkin Brands Group during the third quarter worth $207,000. National Asset Management Inc. bought a new position in shares of Dunkin Brands Group during the third quarter worth $207,000. Mogy Joel R Investment Counsel Inc. bought a new position in shares of Dunkin Brands Group during the third quarter worth $208,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Dunkin Brands Group during the fourth quarter worth $212,000. 97.53% of the stock is currently owned by institutional investors.
Shares of Dunkin Brands Group Inc (NASDAQ:DNKN) opened at 56.68 on Tuesday. The stock’s 50 day moving average price is $53.95 and its 200 day moving average price is $51.74. Dunkin Brands Group Inc has a 12 month low of $41.29 and a 12 month high of $56.91. The company has a market capitalization of $5.21 billion, a PE ratio of 26.86 and a beta of 0.20.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Dunkin Brands Group had a negative return on equity of 108.58% and a net margin of 23.59%. The firm earned $215.70 million during the quarter, compared to the consensus estimate of $215.66 million. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that Dunkin Brands Group Inc will post $2.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Monday, March 13th will be issued a dividend of $0.3225 per share. The ex-dividend date is Thursday, March 9th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 2.28%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 56.60%.
DNKN has been the topic of a number of research analyst reports. Barclays PLC cut their price target on shares of Dunkin Brands Group to $61.00 in a report on Friday, February 10th. Maxim Group boosted their price target on shares of Dunkin Brands Group from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, December 15th. Zacks Investment Research raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a report on Friday, February 10th. Cowen and Company reissued a “market perform” rating and issued a $55.00 price target on shares of Dunkin Brands Group in a report on Tuesday, December 13th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $49.00 price target (up from $45.00) on shares of Dunkin Brands Group in a report on Monday, February 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.60.
In other news, insider Paul E. Twohig sold 76,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $4,165,560.00. Following the completion of the transaction, the insider now directly owns 64,423 shares in the company, valued at $3,531,024.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard J. Emmett sold 5,000 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the insider now owns 16,900 shares of the company’s stock, valued at $929,500. The disclosure for this sale can be found here. Insiders have sold 135,038 shares of company stock valued at $7,427,180 over the last 90 days. Corporate insiders own 2.90% 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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