Dunkin Brands Group (NASDAQ:DNKN) Given a $79.00 Price Target by Maxim Group Analysts

Dunkin Brands Group (NASDAQ:DNKN) has been given a $79.00 price target by stock analysts at Maxim Group in a research report issued to clients and investors on Thursday, TipRanks reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Maxim Group’s price objective would indicate a potential downside of 1.83% from the company’s current price.

DNKN has been the subject of several other research reports. Wedbush reiterated an “outperform” rating and issued a $92.00 price objective on shares of Dunkin Brands Group in a report on Friday, August 2nd. Wells Fargo & Co raised their target price on Dunkin Brands Group from $68.00 to $78.00 and gave the company a “market perform” rating in a research note on Monday, July 15th. Citigroup raised their target price on Dunkin Brands Group from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Credit Suisse Group assumed coverage on Dunkin Brands Group in a research note on Tuesday, June 25th. They issued an “underperform” rating and a $70.00 target price for the company. Finally, Morgan Stanley raised their target price on Dunkin Brands Group from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $78.22.

NASDAQ DNKN traded up $0.10 on Thursday, hitting $80.47. The company’s stock had a trading volume of 388,051 shares, compared to its average volume of 519,822. Dunkin Brands Group has a 52-week low of $61.69 and a 52-week high of $84.74. The company’s 50-day simple moving average is $81.86 and its 200 day simple moving average is $77.41. The firm has a market cap of $6.65 billion, a P/E ratio of 27.75, a PEG ratio of 2.43 and a beta of 0.45.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Dunkin Brands Group had a negative return on equity of 36.53% and a net margin of 17.15%. The business had revenue of $359.30 million during the quarter, compared to analysts’ expectations of $360.32 million. During the same quarter last year, the business posted $0.77 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dunkin Brands Group will post 3.05 earnings per share for the current fiscal year.

In related news, Director Nigel Travis sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $82.53, for a total transaction of $2,063,250.00. Following the completion of the transaction, the director now owns 172,624 shares of the company’s stock, valued at approximately $14,246,658.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Varughese sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.43, for a total value of $333,720.00. Following the transaction, the senior vice president now directly owns 5,425 shares of the company’s stock, valued at approximately $452,607.75. 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. 1.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of DNKN. Dimensional Fund Advisors LP increased its position in Dunkin Brands Group by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 580,297 shares of the restaurant operator’s stock valued at $37,207,000 after buying an additional 10,707 shares in the last quarter. Geode Capital Management LLC increased its position in Dunkin Brands Group by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock valued at $53,868,000 after buying an additional 53,768 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Dunkin Brands Group by 75.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,081 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 2,184 shares in the last quarter. CIBC Asset Management Inc bought a new position in Dunkin Brands Group during the 1st quarter valued at approximately $220,000. Finally, Moors & Cabot Inc. increased its position in Dunkin Brands Group by 17.1% during the 1st quarter. Moors & Cabot Inc. now owns 4,807 shares of the restaurant operator’s stock valued at $363,000 after buying an additional 701 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Dunkin Brands Group Company Profile

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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