Insider Selling: Dunkin Brands Group Inc (DNKN) CFO Sells 1,900 Shares of Stock

Dunkin Brands Group Inc (NASDAQ:DNKN) CFO Katherine D. Jaspon sold 1,900 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total transaction of $139,232.00. Following the completion of the transaction, the chief financial officer now owns 4,411 shares of the company’s stock, valued at approximately $323,238.08. The sale was disclosed in a filing with the SEC, which is available at this link.

NASDAQ:DNKN traded down $0.26 during trading hours on Friday, reaching $74.51. 722,600 shares of the company’s stock were exchanged, compared to its average volume of 993,594. The stock has a market cap of $6.11 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.07 and a beta of 0.33. Dunkin Brands Group Inc has a 1-year low of $55.81 and a 1-year high of $77.13.

Dunkin Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.10. The firm had revenue of $350.01 million during the quarter, compared to analysts’ expectations of $344.17 million. Dunkin Brands Group had a net margin of 30.28% and a negative return on equity of 41.14%. Analysts anticipate that Dunkin Brands Group Inc will post 2.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 23rd. Dunkin Brands Group’s dividend payout ratio is currently 57.20%.

A number of large investors have recently modified their holdings of DNKN. Victory Capital Management Inc. boosted its stake in Dunkin Brands Group by 1,645.7% during the 2nd quarter. Victory Capital Management Inc. now owns 839,389 shares of the restaurant operator’s stock worth $57,976,000 after purchasing an additional 791,307 shares during the period. Jennison Associates LLC acquired a new stake in Dunkin Brands Group during the 3rd quarter worth $26,921,000. Canada Pension Plan Investment Board acquired a new stake in Dunkin Brands Group during the 2nd quarter worth $23,435,000. BTIM Corp. acquired a new stake in Dunkin Brands Group during the 2nd quarter worth $19,762,000. Finally, JPMorgan Chase & Co. lifted 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 worth $31,893,000 after acquiring an additional 193,378 shares during the period. Hedge funds and other institutional investors own 99.10% of the company’s stock.

Several research analysts have recently issued reports on DNKN shares. TheStreet upgraded shares of Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. Argus upped their target price on shares of Dunkin Brands Group from $76.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Robert W. Baird restated a “buy” rating and issued a $80.00 target price on shares of Dunkin Brands Group in a report on Thursday, July 26th. BidaskClub cut shares of Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Maxim Group restated a “buy” rating and issued a $77.00 target price on shares of Dunkin Brands Group in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and an average price target of $70.17.

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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 four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

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