Dunkin Brands Group Inc (NASDAQ:DNKN) Shares Sold by M&T Bank Corp

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M&T Bank Corp reduced its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,360 shares of the restaurant operator’s stock after selling 1,431 shares during the quarter. M&T Bank Corp’s holdings in Dunkin Brands Group were worth $825,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DNKN. Semmax Financial Advisors Inc. boosted its stake in shares of Dunkin Brands Group by 525.9% in the first quarter. Semmax Financial Advisors Inc. now owns 363 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 305 shares during the period. Penserra Capital Management LLC purchased a new position in Dunkin Brands Group in the first quarter valued at $38,000. Bremer Bank National Association purchased a new position in Dunkin Brands Group in the first quarter valued at $41,000. Oakworth Capital Inc. acquired a new position in Dunkin Brands Group during the 2nd quarter worth $42,000. Finally, NEXT Financial Group Inc acquired a new position in Dunkin Brands Group during the 2nd quarter worth $54,000. Institutional investors own 87.78% of the company’s stock.

A number of equities research analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $92.00 price target on shares of Dunkin Brands Group in a research report on Friday, August 2nd. BidaskClub cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Co boosted their price objective on Dunkin Brands Group from $68.00 to $78.00 and gave the stock a “market perform” rating in a research report on Monday, July 15th. Maxim Group restated a “hold” rating and set a $79.00 target price on shares of Dunkin Brands Group in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dunkin Brands Group from $74.00 to $73.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. Dunkin Brands Group presently has an average rating of “Hold” and an average target price of $78.11.

In related news, SVP John Varughese sold 4,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.43, for a total value of $333,720.00. Following the completion of the sale, the senior vice president now directly owns 5,425 shares of the company’s stock, valued at approximately $452,607.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John L. Clare sold 12,577 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $80.60, for a total value of $1,013,706.20. Following the transaction, the insider now owns 33,622 shares in the company, valued at approximately $2,709,933.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,077 shares of company stock valued at $10,123,627. Company insiders own 1.70% of the company’s stock.

DNKN stock traded down $0.21 during trading on Wednesday, hitting $79.34. 4,132 shares of the company’s stock were exchanged, compared to its average volume of 536,829. The business has a 50-day moving average price of $81.87 and a two-hundred day moving average price of $77.33. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.43 and a beta of 0.45. Dunkin Brands Group Inc has a 52-week low of $61.69 and a 52-week high of $84.74.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Dunkin Brands Group had a net margin of 17.15% and a negative return on equity of 36.53%. The company had revenue of $359.30 million for the quarter, compared to analyst estimates of $360.32 million. During the same period in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Dunkin Brands Group Inc will post 3.05 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, September 3rd will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, August 30th. Dunkin Brands Group’s payout ratio is 51.72%.

About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Institutional Ownership by Quarter for Dunkin Brands Group (NASDAQ:DNKN)

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