Dunkin Brands Group (DNKN) Updates FY 2019 Earnings Guidance

Dunkin Brands Group (NASDAQ:DNKN) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.94-2.99 for the period, compared to the Thomson Reuters consensus estimate of $2.98. Dunkin Brands Group also updated its FY19 guidance to $2.94-2.99 EPS.

DNKN stock traded up $0.20 during midday trading on Friday, reaching $73.86. The company had a trading volume of 473,397 shares, compared to its average volume of 774,842. Dunkin Brands Group has a 1 year low of $61.69 and a 1 year high of $77.50. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 2.31 and a beta of 0.47.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Monday, June 3rd will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, May 31st. Dunkin Brands Group’s dividend payout ratio is currently 51.72%.

A number of research analysts recently issued reports on DNKN shares. Zacks Investment Research upgraded shares of Dunkin Brands Group from a sell rating to a hold rating in a report on Tuesday, January 29th. Maxim Group reaffirmed a buy rating and issued a $79.00 price target (down previously from $83.00) on shares of Dunkin Brands Group in a research note on Friday, February 8th. BMO Capital Markets cut their price target on shares of Dunkin Brands Group to $75.00 and set an outperform rating on the stock in a research note on Friday, February 8th. Mizuho set a $61.00 price target on shares of Dunkin Brands Group and gave the company a sell rating in a research note on Friday, February 8th. Finally, UBS Group set a $72.00 price target on shares of Dunkin Brands Group and gave the company a hold rating in a research note on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $70.05.

In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 4,894 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $74.94, for a total transaction of $366,756.36. Following the sale, the chief financial officer now directly owns 6,674 shares in the company, valued at $500,149.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Scott Murphy sold 10,011 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $74.53, for a total transaction of $746,119.83. Following the sale, the chief operating officer now owns 20,233 shares in the company, valued at $1,507,965.49. The disclosure for this sale can be found here. Insiders sold 54,641 shares of company stock worth $4,077,689 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

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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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Earnings History and Estimates for Dunkin Brands Group (NASDAQ:DNKN)

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