Dunkin Brands Group’s (DNKN) Buy Rating Reaffirmed at Maxim Group

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Dunkin Brands Group (NASDAQ:DNKN)‘s stock had its “buy” rating reissued by analysts at Maxim Group in a research report issued on Wednesday. They presently have a $83.00 price target on the restaurant operator’s stock. Maxim Group’s price target indicates a potential upside of 19.24% from the company’s previous close.

Several other brokerages have also recently commented on DNKN. Citigroup raised their price objective on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, November 20th. BMO Capital Markets raised their price objective on shares of Dunkin Brands Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Wells Fargo & Co raised their price objective on shares of Dunkin Brands Group from $66.00 to $67.00 and gave the company a “market perform” rating in a research note on Tuesday, October 16th. Finally, KeyCorp initiated coverage on shares of Dunkin Brands Group in a research note on Wednesday, October 3rd. They issued a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $70.05.

DNKN stock opened at $69.61 on Wednesday. Dunkin Brands Group has a one year low of $56.77 and a one year high of $77.13. The firm has a market capitalization of $5.79 billion, a PE ratio of 28.65, a PEG ratio of 1.90 and a beta of 0.52.

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 25th. The restaurant operator reported $0.83 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $344.17 million. Equities research analysts expect that Dunkin Brands Group will post 2.84 earnings per share for the current fiscal year.

In other Dunkin Brands Group news, SVP Karen Raskopf sold 13,000 shares of Dunkin Brands Group stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $73.36, for a total transaction of $953,680.00. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $953,680. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Katherine D. Jaspon sold 1,900 shares of Dunkin Brands Group stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total transaction of $139,232.00. Following the transaction, the chief financial officer now directly owns 4,411 shares in the company, valued at $323,238.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 524,591 shares of company stock valued at $38,151,848. Insiders own 3.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its position in Dunkin Brands Group by 6.6% during the fourth quarter. State of Alaska Department of Revenue now owns 34,320 shares of the restaurant operator’s stock valued at $2,200,000 after buying an additional 2,126 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Dunkin Brands Group during the fourth quarter worth $218,000. Alta Capital Management LLC lifted its position in shares of Dunkin Brands Group by 9.3% during the fourth quarter. Alta Capital Management LLC now owns 3,810 shares of the restaurant operator’s stock worth $244,000 after purchasing an additional 325 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Dunkin Brands Group by 2.9% during the third quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock worth $539,415,000 after purchasing an additional 207,003 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Dunkin Brands Group by 18.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,123 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 177 shares in the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Dunkin Brands Group Company Profile

Dunkin’ Brands Group, Inc operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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