Dunkin Brands Group Inc (DNKN) COO Sells $2,213,617.59 in Stock

Dunkin Brands Group Inc (NASDAQ:DNKN) COO Scott Murphy sold 29,709 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $74.51, for a total transaction of $2,213,617.59. Following the transaction, the chief operating officer now directly owns 11,882 shares in the company, valued at approximately $885,327.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Scott Murphy also recently made the following trade(s):

  • On Friday, May 10th, Scott Murphy sold 1,660 shares of Dunkin Brands Group stock. The stock was sold at an average price of $74.50, for a total transaction of $123,670.00.
  • On Friday, May 3rd, Scott Murphy sold 10,011 shares of Dunkin Brands Group stock. The stock was sold at an average price of $74.53, for a total transaction of $746,119.83.

DNKN opened at $74.48 on Thursday. Dunkin Brands Group Inc has a fifty-two week low of $61.69 and a fifty-two week high of $77.50. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The firm had revenue of $319.10 million for the quarter, compared to the consensus estimate of $312.38 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. Equities analysts forecast that Dunkin Brands Group Inc will post 3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Monday, June 3rd will be paid a $0.375 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. Dunkin Brands Group’s dividend payout ratio is presently 51.72%.

Several large investors have recently modified their holdings of DNKN. JPMorgan Chase & Co. boosted its stake in shares of Dunkin Brands Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 432,631 shares of the restaurant operator’s stock valued at $31,893,000 after purchasing an additional 193,378 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Dunkin Brands Group in the 3rd quarter valued at $390,000. Marshall Wace LLP acquired a new stake in shares of Dunkin Brands Group in the 3rd quarter valued at $274,000. Vanguard Group Inc boosted its stake in shares of Dunkin Brands Group by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock valued at $539,415,000 after purchasing an additional 207,003 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of Dunkin Brands Group in the 4th quarter valued at $218,000. Institutional investors own 93.15% of the company’s stock.

A number of brokerages recently issued reports on DNKN. Maxim Group reaffirmed a “hold” rating and set a $79.00 target price on shares of Dunkin Brands Group in a research report on Tuesday, April 16th. BidaskClub raised shares of Dunkin Brands Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. BMO Capital Markets downgraded shares of Dunkin Brands Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. UBS Group set a $72.00 price target on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Oppenheimer started coverage on shares of Dunkin Brands Group in a research note on Tuesday, March 26th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and an average price target of $70.05.

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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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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