Wells Fargo & Co Boosts Dunkin Brands Group (NASDAQ:DNKN) Price Target to $78.00

Dunkin Brands Group (NASDAQ:DNKN) had its price target upped by Wells Fargo & Co from $68.00 to $78.00 in a research note issued to investors on Monday, The Fly reports. Wells Fargo & Co currently has a market perform rating on the restaurant operator’s stock.

DNKN has been the subject of several other research reports. Evercore ISI assumed coverage on Mondelez International in a research note on Tuesday, June 11th. They set an outperform rating and a $62.00 target price for the company. JPMorgan Chase & Co. reissued an overweight rating on shares of in a research note on Friday, June 28th. BidaskClub cut Weyco Group from a sell rating to a strong sell rating in a research note on Saturday, July 13th. UBS Group set a $125.00 price target on Caterpillar and gave the stock a sell rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets set a C$4.50 price target on Exfo in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Dunkin Brands Group has an average rating of Hold and an average price target of $74.00.

DNKN stock opened at $80.47 on Monday. The stock’s fifty day simple moving average is $79.54. The firm has a market capitalization of $6.72 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.52 and a beta of 0.48. Dunkin Brands Group has a 52-week low of $61.69 and a 52-week high of $83.22.

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

In related news, CFO Katherine D. Jaspon sold 4,894 shares of Dunkin Brands Group stock in a transaction on Friday, May 17th. The stock was sold at an average price of $74.94, for a total value of $366,756.36. Following the completion of the transaction, the chief financial officer now directly owns 6,674 shares in the company, valued at $500,149.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John L. Clare sold 8,367 shares of Dunkin Brands Group stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $75.00, for a total value of $627,525.00. Following the completion of the transaction, the insider now owns 29,412 shares of the company’s stock, valued at $2,205,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,641 shares of company stock valued at $4,077,689. 1.70% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in Dunkin Brands Group by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 130,545 shares of the restaurant operator’s stock valued at $8,371,000 after purchasing an additional 3,070 shares during the period. NumerixS Investment Technologies Inc lifted its holdings in Dunkin Brands Group by 275.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,000 shares of the restaurant operator’s stock worth $228,000 after buying an additional 2,200 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Dunkin Brands Group by 54.9% during the 4th quarter. Cetera Advisors LLC now owns 4,646 shares of the restaurant operator’s stock worth $294,000 after buying an additional 1,647 shares during the last quarter. Norges Bank purchased a new stake in Dunkin Brands Group during the 4th quarter worth about $37,948,000. Finally, Jackson Square Partners LLC lifted its holdings in Dunkin Brands Group by 7.4% during the 1st quarter. Jackson Square Partners LLC now owns 1,850,486 shares of the restaurant operator’s stock worth $138,971,000 after buying an additional 128,079 shares during the last quarter. Hedge funds and other institutional investors own 88.98% of the company’s stock.

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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The Fly

Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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