Zacks: Brokerages Expect Dunkin Brands Group Inc (DNKN) to Announce $0.63 Earnings Per Share

Wall Street analysts expect Dunkin Brands Group Inc (NASDAQ:DNKN) to announce earnings of $0.63 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Dunkin Brands Group’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.65. Dunkin Brands Group posted earnings per share of $0.64 during the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The business is expected to issue its next earnings report before the market opens on Tuesday, February 6th.

On average, analysts expect that Dunkin Brands Group will report full-year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.40 to $2.44. For the next fiscal year, analysts expect that the business will report earnings of $2.77 per share, with EPS estimates ranging from $2.55 to $3.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, October 26th. The restaurant operator reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $224.20 million during the quarter, compared to analyst estimates of $214.60 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. Dunkin Brands Group’s revenue for the quarter was up 8.3% compared to the same quarter last year.

DNKN has been the topic of a number of analyst reports. BMO Capital Markets set a $58.00 price objective on shares of Dunkin Brands Group and gave the company a “hold” rating in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $63.00 price objective on shares of Dunkin Brands Group in a report on Friday, October 20th. Credit Suisse Group restated a “buy” rating and issued a $68.00 price objective (up from $61.00) on shares of Dunkin Brands Group in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, January 4th. Finally, Maxim Group restated a “buy” rating and issued a $64.00 price objective on shares of Dunkin Brands Group in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $61.05.

A number of large investors have recently made changes to their positions in DNKN. Russell Investments Group Ltd. raised its stake in Dunkin Brands Group by 117.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,651 shares of the restaurant operator’s stock worth $366,000 after acquiring an additional 3,590 shares in the last quarter. Eaton Vance Management acquired a new stake in Dunkin Brands Group during the 2nd quarter worth $526,000. Wells Fargo & Company MN raised its stake in Dunkin Brands Group by 13.4% during the 2nd quarter. Wells Fargo & Company MN now owns 411,957 shares of the restaurant operator’s stock worth $22,707,000 after acquiring an additional 48,587 shares in the last quarter. Alliancebernstein L.P. raised its stake in Dunkin Brands Group by 1.4% during the 2nd quarter. Alliancebernstein L.P. now owns 57,561 shares of the restaurant operator’s stock worth $3,173,000 after acquiring an additional 810 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in Dunkin Brands Group by 244.3% during the 2nd quarter. Martingale Asset Management L P now owns 22,411 shares of the restaurant operator’s stock worth $1,236,000 after purchasing an additional 15,901 shares during the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.

Shares of Dunkin Brands Group (NASDAQ DNKN) traded up $0.20 on Friday, hitting $64.76. 799,082 shares of the stock were exchanged, compared to its average volume of 727,546. Dunkin Brands Group has a fifty-two week low of $50.54 and a fifty-two week high of $66.44. The firm has a market cap of $5,850.00, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.60 and a beta of 0.30. The company has a debt-to-equity ratio of -13.82, a current ratio of 1.43 and a quick ratio of 1.43.

Dunkin Brands Group announced that its Board of Directors has approved a stock buyback program on Thursday, October 26th that authorizes the company to buyback $650.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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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.

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