BidaskClub upgraded shares of Dunkin’ Brands (NASDAQ:DNKN) from a strong sell rating to a sell rating in a research note published on Friday.
Several other research analysts have also recently commented on DNKN. Credit Suisse Group reissued a buy rating and set a $68.00 price target (up from $61.00) on shares of Dunkin’ Brands in a research report on Thursday, December 21st. Jefferies Group raised Dunkin’ Brands from an underperform rating to a hold rating and increased their price target for the company from $48.00 to $56.00 in a research report on Friday, December 22nd. Maxim Group increased their price target on Dunkin’ Brands from $64.00 to $71.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised Dunkin’ Brands from a hold rating to a buy rating and set a $74.00 price target for the company in a research report on Thursday, January 4th. Finally, BMO Capital Markets set a $64.00 price target on Dunkin’ Brands and gave the company a hold rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $63.20.
Dunkin’ Brands (NASDAQ:DNKN) traded down $0.39 during mid-day trading on Friday, hitting $59.06. The stock had a trading volume of 1,138,781 shares, compared to its average volume of 1,160,506. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 361.71. The firm has a market capitalization of $4,890.23, a PE ratio of 15.50, a P/E/G ratio of 1.68 and a beta of 0.29. Dunkin’ Brands has a 52 week low of $50.89 and a 52 week high of $68.45.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th were paid a dividend of $0.3475 per share. The ex-dividend date was Friday, March 9th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Dunkin’ Brands’s previous quarterly dividend of $0.32. Dunkin’ Brands’s dividend payout ratio (DPR) is 36.48%.
In other news, insider William M. Mitchell sold 46,180 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the transaction, the insider now owns 33,000 shares in the company, valued at $2,022,900. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nigel Travis sold 205,665 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $62.02, for a total value of $12,755,343.30. Following the transaction, the chief executive officer now owns 419,333 shares in the company, valued at approximately $26,007,032.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 455,581 shares of company stock worth $28,320,199. 3.10% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new position in Dunkin’ Brands during the 4th quarter worth $520,000. William Blair Investment Management LLC increased its stake in Dunkin’ Brands by 12.5% during the 4th quarter. William Blair Investment Management LLC now owns 19,397 shares of the restaurant operator’s stock worth $1,251,000 after acquiring an additional 2,161 shares during the period. High Falls Advisors Inc bought a new position in Dunkin’ Brands during the 4th quarter worth $208,000. Halsey Associates Inc. CT increased its stake in Dunkin’ Brands by 2.0% during the 4th quarter. Halsey Associates Inc. CT now owns 197,367 shares of the restaurant operator’s stock worth $12,724,000 after acquiring an additional 3,910 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in Dunkin’ Brands during the 4th quarter worth $3,684,000. Institutional investors own 97.66% of the company’s stock.
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Dunkin’ Brands Company Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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