Dunkin Brands Group Inc (DNKN) Chairman Nigel Travis Sells 1,945 Shares of Stock

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Dunkin Brands Group Inc (NASDAQ:DNKN) Chairman Nigel Travis sold 1,945 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $72.30, for a total transaction of $140,623.50. Following the completion of the sale, the chairman now directly owns 257,326 shares of the company’s stock, valued at $18,604,669.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nigel Travis also recently made the following trade(s):

  • On Tuesday, November 6th, Nigel Travis sold 298,662 shares of Dunkin Brands Group stock. The stock was sold at an average price of $72.35, for a total transaction of $21,608,195.70.
  • On Wednesday, October 31st, Nigel Travis sold 83,030 shares of Dunkin Brands Group stock. The stock was sold at an average price of $73.54, for a total transaction of $6,106,026.20.
  • On Thursday, August 9th, Nigel Travis sold 137,606 shares of Dunkin Brands Group stock. The stock was sold at an average price of $71.15, for a total transaction of $9,790,666.90.

Shares of NASDAQ:DNKN opened at $72.94 on Wednesday. The stock has a market cap of $6.04 billion, a PE ratio of 30.02, a PEG ratio of 2.05 and a beta of 0.33. Dunkin Brands Group Inc has a 12 month low of $55.60 and a 12 month high of $77.13.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. The company had revenue of $350.01 million for the quarter, compared to analysts’ expectations of $344.17 million. On average, sell-side analysts predict that Dunkin Brands Group Inc will post 2.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be given a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, November 23rd. Dunkin Brands Group’s dividend payout ratio is currently 57.20%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smithfield Trust Co. increased its position in shares of Dunkin Brands Group by 2,018.5% during the third quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 1,312 shares during the period. First Hawaiian Bank purchased a new position in shares of Dunkin Brands Group during the third quarter valued at about $110,000. Fort L.P. purchased a new position in shares of Dunkin Brands Group during the second quarter valued at about $123,000. Advisors Preferred LLC increased its position in shares of Dunkin Brands Group by 797.1% during the second quarter. Advisors Preferred LLC now owns 1,857 shares of the restaurant operator’s stock valued at $128,000 after buying an additional 1,650 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Dunkin Brands Group during the third quarter valued at about $169,000. Institutional investors own 99.10% of the company’s stock.

Several research firms have weighed in on DNKN. Citigroup boosted their price target on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, October 30th. UBS Group set a $76.00 price target on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, October 26th. Jefferies Financial Group boosted their price target on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, October 26th. BMO Capital Markets boosted their price target on shares of Dunkin Brands Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, Maxim Group reissued a “buy” rating and issued a $83.00 price target on shares of Dunkin Brands Group in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $70.17.

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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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Insider Buying and Selling by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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