Dunkin Brands Group Inc (NASDAQ:DNKN) SVP Karen Raskopf sold 42,486 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $62.44, for a total value of $2,652,825.84. Following the completion of the transaction, the senior vice president now directly owns 2,500 shares of the company’s stock, valued at $156,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Karen Raskopf also recently made the following trade(s):
- On Friday, February 16th, Karen Raskopf sold 13,000 shares of Dunkin Brands Group stock. The stock was sold at an average price of $62.82, for a total value of $816,660.00.
Shares of Dunkin Brands Group Inc (DNKN) traded down $1.45 during midday trading on Wednesday, hitting $60.70. The company’s stock had a trading volume of 1,691,297 shares, compared to its average volume of 1,224,934. The company has a market capitalization of $5,657.83, a PE ratio of 15.93, a PEG ratio of 1.77 and a beta of 0.21. Dunkin Brands Group Inc has a 12 month low of $50.89 and a 12 month high of $68.45. The company has a debt-to-equity ratio of 361.71, a quick ratio of 1.43 and a current ratio of 2.79.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be issued a dividend of $0.3475 per share. The ex-dividend date of this dividend is Friday, March 9th. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.29%. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 33.86%.
Dunkin Brands Group declared that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that authorizes the company to buyback $650.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Several brokerages recently commented on DNKN. Bank of America reduced their target price on Dunkin Brands Group from $68.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. BidaskClub raised Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Maxim Group raised their target price on Dunkin Brands Group from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $58.00 target price on Dunkin Brands Group and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Dunkin Brands Group in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $63.05.
Hedge funds and other institutional investors have recently modified their holdings of the business. Griffin Asset Management Inc. bought a new position in shares of Dunkin Brands Group during the third quarter valued at $1,986,000. California Public Employees Retirement System lifted its holdings in shares of Dunkin Brands Group by 10.6% during the third quarter. California Public Employees Retirement System now owns 180,320 shares of the restaurant operator’s stock valued at $9,571,000 after acquiring an additional 17,320 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Dunkin Brands Group by 1.7% during the third quarter. Nationwide Fund Advisors now owns 183,364 shares of the restaurant operator’s stock valued at $9,733,000 after acquiring an additional 3,120 shares during the period. Stifel Financial Corp lifted its holdings in shares of Dunkin Brands Group by 4.2% during the third quarter. Stifel Financial Corp now owns 74,960 shares of the restaurant operator’s stock valued at $3,978,000 after acquiring an additional 2,998 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Dunkin Brands Group by 20.1% during the third quarter. New York State Common Retirement Fund now owns 444,841 shares of the restaurant operator’s stock valued at $23,612,000 after acquiring an additional 74,600 shares during the period. 85.24% of the stock is owned by institutional investors.
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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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