First Manhattan Co. Has $77.71 Million Stake in Dunkin’ Brands Group, Inc. (NASDAQ:DNKN)

First Manhattan Co. lifted its stake in shares of Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) by 7.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,464,062 shares of the restaurant operator’s stock after buying an additional 97,099 shares during the quarter. First Manhattan Co. owned approximately 1.62% of Dunkin’ Brands Group worth $77,712,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new stake in Dunkin’ Brands Group in the second quarter valued at approximately $104,000. FNY Partners Fund LP raised its stake in shares of Dunkin’ Brands Group by 13,233.3% during the second quarter. FNY Partners Fund LP now owns 2,000 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,985 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Dunkin’ Brands Group by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 3,061 shares of the restaurant operator’s stock worth $167,000 after purchasing an additional 109 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Dunkin’ Brands Group by 12.1% during the second quarter. Advisors Asset Management Inc. now owns 3,114 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 336 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dunkin’ Brands Group by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,315 shares of the restaurant operator’s stock worth $183,000 after acquiring an additional 259 shares in the last quarter. 92.04% of the stock is owned by institutional investors and hedge funds.

Shares of Dunkin’ Brands Group, Inc. (DNKN) opened at $57.01 on Wednesday. Dunkin’ Brands Group, Inc. has a 52-week low of $48.93 and a 52-week high of $60.66. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of -13.82. The stock has a market capitalization of $5,106.86, a price-to-earnings ratio of 23.27, a PEG ratio of 1.76 and a beta of 0.30.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 27th will be paid a $0.322 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.29 dividend on an annualized basis and a yield of 2.26%. Dunkin’ Brands Group’s dividend payout ratio (DPR) is currently 56.33%.

Dunkin’ Brands Group declared that its board has approved a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $650.00 million in shares. This repurchase authorization permits the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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DNKN has been the subject of several research analyst reports. BidaskClub cut Dunkin’ Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 target price on shares of Dunkin’ Brands Group in a report on Friday, July 21st. Stephens reissued an “equal weight” rating and issued a $54.00 target price on shares of Dunkin’ Brands Group in a report on Wednesday, July 26th. Maxim Group reissued a “buy” rating and issued a $64.00 price target on shares of Dunkin’ Brands Group in a research note on Thursday, July 27th. Finally, BMO Capital Markets raised their price target on Dunkin’ Brands Group from $52.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Dunkin’ Brands Group has a consensus rating of “Hold” and an average target price of $58.58.

Dunkin’ Brands Group 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.

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

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