Maxim Group reiterated their buy rating on shares of Dunkin Brands Group (NASDAQ:DNKN) in a report released on Friday, Marketbeat reports. The firm currently has a $79.00 price target on the restaurant operator’s stock, down from their previous price target of $83.00.
“We maintain our Buy rating on Dunkin’ Brands (DNKN), though lower our price target to $79, from $83, following the release of mixed 4Q18 (December) results earlier today.”,” Maxim Group’s analyst wrote.
A number of other brokerages also recently issued reports on DNKN. Citigroup raised their price target on shares of Dunkin Brands Group from $83.00 to $87.00 and gave the stock a buy rating in a 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 report on Friday, October 26th. Zacks Investment Research upgraded shares of Dunkin Brands Group from a hold rating to a buy rating and set a $81.00 price target for the company in a report on Wednesday, October 24th. Gordon Haskett assumed coverage on shares of Dunkin Brands Group in a report on Thursday, October 18th. They set a hold rating and a $70.00 price target for the company. Finally, Jefferies Financial Group raised their price target on shares of Dunkin Brands Group from $67.00 to $70.00 and gave the stock a hold rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $70.79.
Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. The company had revenue of $319.60 million during the quarter, compared to the consensus estimate of $329.83 million. Dunkin Brands Group had a net margin of 17.40% and a negative return on equity of 31.51%. Dunkin Brands Group’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities research analysts expect that Dunkin Brands Group will post 2.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 11th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Dunkin Brands Group’s previous quarterly dividend of $0.35. Dunkin Brands Group’s dividend payout ratio (DPR) is presently 47.93%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in shares of Dunkin Brands Group by 5.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,022 shares of the restaurant operator’s stock valued at $1,476,000 after purchasing an additional 1,118 shares in the last quarter. First Hawaiian Bank acquired a new stake in Dunkin Brands Group during the 3rd quarter worth $110,000. State of Alaska Department of Revenue raised its stake in Dunkin Brands Group by 6.6% during the 4th quarter. State of Alaska Department of Revenue now owns 34,320 shares of the restaurant operator’s stock worth $2,200,000 after acquiring an additional 2,126 shares in the last quarter. Lido Advisors LLC acquired a new stake in Dunkin Brands Group during the 3rd quarter worth $240,000. Finally, Hilltop Holdings Inc. raised its stake in Dunkin Brands Group by 24.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 5,018 shares of the restaurant operator’s stock worth $370,000 after acquiring an additional 993 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
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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