Q3 2019 EPS Estimates for Dunkin Brands Group Inc (NASDAQ:DNKN) Boosted by Analyst

Dunkin Brands Group Inc (NASDAQ:DNKN) – Research analysts at Wedbush lifted their Q3 2019 earnings per share estimates for Dunkin Brands Group in a research note issued on Monday, June 24th, Zacks Investment Research reports. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.82 for the quarter, up from their previous estimate of $0.80. Wedbush has a “Outperform” rating and a $92.00 price objective on the stock. Wedbush also issued estimates for Dunkin Brands Group’s Q4 2019 earnings at $0.72 EPS.

Several other brokerages have also issued reports on DNKN. Oppenheimer set a $15.00 target price on shares of Strongbridge Biopharma and gave the company a “buy” rating in a research report on Tuesday, March 26th. Maxim Group reiterated a “hold” rating on shares of Westamerica Bancorporation in a research report on Monday, April 22nd. Evercore ISI assumed coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective for the company. Wells Fargo & Co restated a “sell” rating on shares of Bausch Health Companies in a report on Monday. Finally, Credit Suisse Group assumed coverage on shares of Arco Platform in a report on Tuesday, June 25th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $74.00.

Dunkin Brands Group stock traded down $0.90 during mid-day trading on Wednesday, hitting $80.47. 547,339 shares of the company traded hands, compared to its average volume of 752,072. Dunkin Brands Group has a one year low of $61.69 and a one year high of $83.22. The firm has a market capitalization of $6.69 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. The business’s fifty day moving average price is $79.40.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $312.38 million. During the same period last year, the business earned $0.62 earnings per share. Dunkin Brands Group’s revenue was up 5.9% compared to the same quarter last year.

In other Dunkin Brands Group news, insider John L. Clare sold 8,367 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $627,525.00. Following the transaction, the insider now directly owns 29,412 shares of the company’s stock, valued at approximately $2,205,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Scott Murphy sold 1,660 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $74.50, for a total transaction of $123,670.00. Following the transaction, the chief operating officer now directly owns 11,882 shares in the company, valued at $885,209. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,641 shares of company stock worth $4,077,689. 1.70% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Dunkin Brands Group by 5.6% during the 4th quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock valued at $491,126,000 after buying an additional 406,993 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Dunkin Brands Group by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 7,317,088 shares of the restaurant operator’s stock valued at $539,415,000 after buying an additional 207,003 shares in the last quarter. Jackson Square Partners LLC boosted its holdings in shares of Dunkin Brands Group by 7.4% during the 1st quarter. Jackson Square Partners LLC now owns 1,850,486 shares of the restaurant operator’s stock valued at $138,971,000 after buying an additional 128,079 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dunkin Brands Group by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 840,132 shares of the restaurant operator’s stock valued at $53,868,000 after buying an additional 53,768 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Dunkin Brands Group by 8.2% during the 4th quarter. Bank of America Corp DE now owns 696,267 shares of the restaurant operator’s stock valued at $44,645,000 after buying an additional 52,923 shares in the last quarter. Hedge funds and other institutional investors own 88.98% 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 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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