Tocqueville Asset Management L.P. cut its holdings in Dunkin Brands Group Inc (NASDAQ:DNKN) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 43,710 shares of the restaurant operator’s stock after selling 1,400 shares during the period. Tocqueville Asset Management L.P.’s holdings in Dunkin Brands Group were worth $2,818,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in Dunkin Brands Group during the 4th quarter valued at $117,000. Aevitas Wealth Management Inc. purchased a new stake in Dunkin Brands Group during the 4th quarter valued at $130,000. Capital Analysts LLC purchased a new stake in Dunkin Brands Group during the 4th quarter valued at $134,000. SeaCrest Wealth Management LLC purchased a new stake in Dunkin Brands Group during the 4th quarter valued at $135,000. Finally, Aviance Capital Management LLC purchased a new stake in Dunkin Brands Group during the 4th quarter valued at $169,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.
In other Dunkin Brands Group news, insider John L. Clare sold 13,388 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $62.02, for a total value of $830,323.76. Following the completion of the sale, the insider now owns 29,772 shares in the company, valued at approximately $1,846,459.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nigel Travis sold 205,665 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $62.02, for a total value of $12,755,343.30. Following the completion of the sale, the chief executive officer now owns 419,333 shares of the company’s stock, valued at approximately $26,007,032.66. The disclosure for this sale can be found here. Insiders sold a total of 455,581 shares of company stock valued at $28,320,199 in the last quarter. 3.10% of the stock is currently owned by company insiders.
Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Dunkin Brands Group had a negative return on equity of 190.44% and a net margin of 40.77%. The business had revenue of $227.10 million during the quarter, compared to analyst estimates of $220.54 million. During the same quarter in the prior year, the business posted $0.64 EPS. Dunkin Brands Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities analysts expect that Dunkin Brands Group Inc will post 2.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 12th will be paid a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, March 9th. This is a positive change from Dunkin Brands Group’s previous quarterly dividend of $0.32. Dunkin Brands Group’s dividend payout ratio is presently 33.86%.
A number of brokerages have weighed in on DNKN. Wells Fargo & Co decreased their target price on shares of Dunkin Brands Group from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, February 9th. BidaskClub lowered shares of Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. BMO Capital Markets set a $64.00 price objective on Dunkin Brands Group and gave the stock a “hold” rating in a research note on Friday, January 12th. Stephens upped their price objective on Dunkin Brands Group from $54.00 to $66.00 and gave the stock a “weight” rating in a research note on Monday, February 5th. Finally, Wedbush restated a “hold” rating and issued a $60.00 price objective on shares of Dunkin Brands Group in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.20.
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Dunkin Brands Group Profile
Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.
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