Smithfield Trust Co. raised its position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) by 2,018.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,377 shares of the restaurant operator’s stock after purchasing an additional 1,312 shares during the quarter. Smithfield Trust Co.’s holdings in Dunkin Brands Group were worth $102,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Dunkin Brands Group by 1,645.7% in the second quarter. Victory Capital Management Inc. now owns 839,389 shares of the restaurant operator’s stock worth $57,976,000 after buying an additional 791,307 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Dunkin Brands Group in the second quarter worth $23,435,000. BTIM Corp. purchased a new position in shares of Dunkin Brands Group in the second quarter worth $19,762,000. Russell Investments Group Ltd. lifted its holdings in shares of Dunkin Brands Group by 284.7% in the third quarter. Russell Investments Group Ltd. now owns 208,781 shares of the restaurant operator’s stock worth $15,396,000 after buying an additional 154,506 shares in the last quarter. Finally, Unigestion Holding SA purchased a new position in shares of Dunkin Brands Group in the second quarter worth $7,625,000. 99.10% of the stock is currently owned by institutional investors and hedge funds.
DNKN stock opened at $74.51 on Friday. Dunkin Brands Group Inc has a twelve month low of $55.81 and a twelve month high of $77.13. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.10 and a beta of 0.33.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 26th will be issued a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 23rd. Dunkin Brands Group’s payout ratio is presently 57.20%.
Several brokerages recently weighed in on DNKN. Citigroup boosted their price target on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, October 30th. UBS Group set a $76.00 price target on shares of Dunkin Brands Group and gave the stock a “hold” rating in a research report on Friday, October 26th. Jefferies Financial Group boosted their price target on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, October 26th. BMO Capital Markets boosted their price target on shares of Dunkin Brands Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Finally, Maxim Group restated a “buy” rating and issued a $83.00 price target on shares of Dunkin Brands Group in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus target price of $70.17.
In other news, insider Richard J. Emmett sold 45,000 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $73.91, for a total value of $3,325,950.00. Following the transaction, the insider now directly owns 38,208 shares in the company, valued at $2,823,953.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Katherine D. Jaspon sold 1,900 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was 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 in the company, valued at $323,238.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 524,591 shares of company stock worth $38,151,848. Company insiders own 3.00% of the company’s stock.
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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 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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