Barclays PLC Lifted Dunkin Brands Group Inc (DNKN) Target Price to $65.00

Barclays PLC Lifted Dunkin Brands Group Inc (DNKN) Target Price to $65.00

Dunkin Brands Group Inc (NASDAQ:DNKN) had its price target raised by Barclays PLC from $62.00 to $65.00 in a report released on Wednesday. Barclays PLC currently has an overweight rating on the restaurant operator’s stock.

DNKN has been the topic of several other research reports. Maxim Group reaffirmed a buy rating on shares of Dunkin Brands Group in a research report on Monday, April 10th. Goldman Sachs Group Inc downgraded Dunkin Brands Group from a neutral rating to a sell rating and decreased their target price for the company from $48.00 to $47.00 in a research report on Wednesday, March 29th. They noted that the move was a valuation call. Wedbush upped their target price on Dunkin Brands Group from $49.00 to $54.00 and gave the company a neutral rating in a research report on Friday, February 10th. Jefferies Group LLC reaffirmed an underperform rating and issued a $48.00 target price on shares of Dunkin Brands Group in a research report on Friday, February 10th. Finally, Wells Fargo & Co reaffirmed a market perform rating and issued a $49.00 target price (up previously from $45.00) on shares of Dunkin Brands Group in a research report on Monday, February 6th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Dunkin Brands Group currently has an average rating of Hold and a consensus price target of $54.21.

Shares of Dunkin Brands Group (NASDAQ DNKN) opened at 59.04 on Wednesday. The stock’s 50 day moving average price is $56.15 and its 200 day moving average price is $54.21. Dunkin Brands Group has a one year low of $41.29 and a one year high of $59.21. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 26.59 and a beta of 0.20.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. Dunkin Brands Group had a negative return on equity of 108.58% and a net margin of 23.59%. The firm had revenue of $190.70 million for the quarter, compared to analyst estimates of $192.36 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Dunkin Brands Group will post $2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Monday, June 5th will be given a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, June 1st. Dunkin Brands Group’s dividend payout ratio is currently 56.60%.

Several large investors have recently modified their holdings of DNKN. Norges Bank acquired a new stake in shares of Dunkin Brands Group during the fourth quarter worth $31,640,000. Comerica Bank increased its stake in shares of Dunkin Brands Group by 3.9% in the fourth quarter. Comerica Bank now owns 79,445 shares of the restaurant operator’s stock worth $4,118,000 after buying an additional 2,979 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Dunkin Brands Group by 9.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,730 shares of the restaurant operator’s stock worth $825,000 after buying an additional 1,320 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Dunkin Brands Group by 49.1% in the fourth quarter. Guggenheim Capital LLC now owns 116,317 shares of the restaurant operator’s stock worth $6,100,000 after buying an additional 38,311 shares in the last quarter. Finally, CT Financial Advisors LLC increased its stake in shares of Dunkin Brands Group by 10.5% in the first quarter. CT Financial Advisors LLC now owns 5,786 shares of the restaurant operator’s stock worth $316,000 after buying an additional 551 shares in the last quarter. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DNKN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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