Halsey Associates Inc. CT raised its position in Dunkin Brands Group Inc (NASDAQ:DNKN) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,628 shares of the restaurant operator’s stock after purchasing an additional 2,595 shares during the quarter. Halsey Associates Inc. CT owned 0.06% of Dunkin Brands Group worth $3,859,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Dunkin Brands Group by 1.1% in the second quarter. BlackRock Inc. now owns 7,537,015 shares of the restaurant operator’s stock valued at $600,398,000 after purchasing an additional 78,760 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Dunkin Brands Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 7,482,263 shares of the restaurant operator’s stock valued at $596,037,000 after buying an additional 20,772 shares during the period. Invesco Ltd. increased its stake in shares of Dunkin Brands Group by 0.7% in the second quarter. Invesco Ltd. now owns 1,596,446 shares of the restaurant operator’s stock valued at $127,174,000 after buying an additional 10,908 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Dunkin Brands Group by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 1,103,496 shares of the restaurant operator’s stock valued at $87,904,000 after buying an additional 36,166 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Dunkin Brands Group in the second quarter valued at about $78,023,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.
Several brokerages have recently weighed in on DNKN. Longbow Research reissued a “hold” rating on shares of Dunkin Brands Group in a research note on Tuesday, September 24th. ValuEngine cut Dunkin Brands Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. Maxim Group increased their price target on Dunkin Brands Group from $79.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Stephens increased their price target on Dunkin Brands Group from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Argus raised Dunkin Brands Group from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $79.93.
Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, October 31st. The restaurant operator reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The business had revenue of $355.90 million during the quarter, compared to analysts’ expectations of $357.91 million. Dunkin Brands Group had a negative return on equity of 38.96% and a net margin of 17.54%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, equities research analysts forecast that Dunkin Brands Group Inc will post 3.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd will be issued a $0.375 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.50 annualized dividend and a yield of 1.97%. Dunkin Brands Group’s payout ratio is currently 51.72%.
In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 15,198 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $75.99, for a total value of $1,154,896.02. 1.70% of the stock is currently owned by corporate insiders.
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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