Dunkin Brands Group (NASDAQ:DNKN) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Dunkin Brands Group (NASDAQ:DNKN) from a hold rating to a sell rating in a research report sent to investors on Saturday, BidAskClub reports.

DNKN has been the subject of a number of other reports. JPMorgan Chase & Co. reiterated an overweight rating on shares of in a report on Friday, June 28th. Evercore ISI initiated coverage on Mondelez International in a report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price objective for the company. Wedbush set a $18.00 price objective on Catabasis Pharmaceuticals and gave the stock a buy rating in a report on Monday, June 24th. UBS Group set a $125.00 price objective on Caterpillar and gave the stock a sell rating in a report on Friday, May 3rd. Finally, BMO Capital Markets set a C$4.50 price objective on Exfo in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. Dunkin Brands Group currently has a consensus rating of Hold and an average price target of $74.00.

Dunkin Brands Group stock opened at $80.79 on Friday. Dunkin Brands Group has a 52 week low of $61.69 and a 52 week high of $83.22. The business’s 50-day simple moving average is $79.10. The stock has a market capitalization of $6.75 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.48.

Dunkin Brands Group (NASDAQ:DNKN) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The business had revenue of $319.10 million during the quarter, compared to analysts’ expectations of $312.38 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Dunkin Brands Group will post 3 EPS for the current fiscal year.

In other news, CFO Katherine D. Jaspon sold 4,894 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $74.94, for a total value of $366,756.36. Following the completion of the sale, the chief financial officer now owns 6,674 shares of the company’s stock, valued at approximately $500,149.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Scott Murphy sold 29,709 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $74.51, for a total value of $2,213,617.59. Following the completion of the sale, the chief operating officer now directly owns 11,882 shares of the company’s stock, valued at approximately $885,327.82. The disclosure for this sale can be found here. In the last three months, insiders sold 54,641 shares of company stock valued at $4,077,689. 1.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Dunkin Brands Group during the 4th quarter valued at approximately $37,948,000. Deutsche Bank AG raised its position in Dunkin Brands Group by 432.3% during the 4th quarter. Deutsche Bank AG now owns 516,822 shares of the restaurant operator’s stock valued at $33,135,000 after purchasing an additional 419,727 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in Dunkin Brands Group during the 1st quarter valued at approximately $23,173,000. Apertura Capital LLC raised its position in Dunkin Brands Group by 300.0% during the 1st quarter. Apertura Capital LLC now owns 200,000 shares of the restaurant operator’s stock valued at $15,020,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in Dunkin Brands Group by 64.1% during the 1st quarter. Federated Investors Inc. PA now owns 336,994 shares of the restaurant operator’s stock valued at $25,308,000 after purchasing an additional 131,615 shares during the last quarter. 88.98% 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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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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