Dunkin Brands Group Inc (DNKN) Expected to Post Quarterly Sales of $342.67 Million

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Brokerages predict that Dunkin Brands Group Inc (NASDAQ:DNKN) will announce sales of $342.67 million for the current quarter, Zacks reports. Six analysts have provided estimates for Dunkin Brands Group’s earnings, with the lowest sales estimate coming in at $334.91 million and the highest estimate coming in at $348.90 million. Dunkin Brands Group reported sales of $218.52 million during the same quarter last year, which indicates a positive year over year growth rate of 56.8%. The firm is expected to issue its next earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Dunkin Brands Group will report full year sales of $1.32 billion for the current financial year, with estimates ranging from $1.31 billion to $1.33 billion. For the next year, analysts forecast that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Dunkin Brands Group.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, April 26th. The restaurant operator reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. The business had revenue of $301.30 million for the quarter, compared to analyst estimates of $303.72 million. Dunkin Brands Group had a negative return on equity of 75.12% and a net margin of 36.40%. Dunkin Brands Group’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share.

DNKN has been the subject of several research reports. Morgan Stanley dropped their target price on Dunkin Brands Group from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, March 26th. BidaskClub downgraded Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 31st. Zacks Investment Research downgraded Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. OTR Global initiated coverage on Dunkin Brands Group in a research report on Monday, April 23rd. They issued a “positive” rating for the company. Finally, ValuEngine upgraded Dunkin Brands Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $66.00.

In related news, CEO Nigel Travis sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $62.16, for a total transaction of $3,729,600.00. Following the completion of the sale, the chief executive officer now owns 308,254 shares of the company’s stock, valued at $19,161,068.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katherine D. Jaspon sold 1,530 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $64.84, for a total value of $99,205.20. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aevitas Wealth Management Inc. acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $130,000. Capital Analysts LLC acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $134,000. Bronfman E.L. Rothschild L.P. grew its stake in Dunkin Brands Group by 91.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,239 shares of the restaurant operator’s stock worth $193,000 after purchasing an additional 1,551 shares during the period. First National Bank of Omaha acquired a new stake in Dunkin Brands Group during the first quarter worth approximately $204,000. Finally, High Falls Advisors Inc acquired a new stake in Dunkin Brands Group during the fourth quarter worth approximately $208,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Dunkin Brands Group stock traded up $0.23 during trading hours on Friday, hitting $69.16. The stock had a trading volume of 1,143,915 shares, compared to its average volume of 1,126,295. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of -3.54. The company has a market capitalization of $5.74 billion, a PE ratio of 28.46, a P/E/G ratio of 2.02 and a beta of 0.30. Dunkin Brands Group has a one year low of $50.89 and a one year high of $70.55.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 29th were given a dividend of $0.3475 per share. The ex-dividend date was Friday, May 25th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.01%. Dunkin Brands Group’s dividend payout ratio (DPR) is 57.20%.

About Dunkin Brands Group

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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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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