Quantitative Investment Management LLC purchased a new stake in Dunkin’ Brands (NASDAQ:DNKN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 154,700 shares of the restaurant operator’s stock, valued at approximately $9,973,000. Quantitative Investment Management LLC owned approximately 0.17% of Dunkin’ Brands at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. HS Management Partners LLC bought a new stake in Dunkin’ Brands during the third quarter worth about $17,590,000. Landscape Capital Management L.L.C. bought a new stake in Dunkin’ Brands during the fourth quarter worth about $13,251,000. First Manhattan Co. raised its holdings in Dunkin’ Brands by 9.4% during the fourth quarter. First Manhattan Co. now owns 1,601,113 shares of the restaurant operator’s stock worth $103,223,000 after acquiring an additional 137,051 shares in the last quarter. First Quadrant L P CA bought a new stake in Dunkin’ Brands during the fourth quarter worth about $8,308,000. Finally, Daiwa Securities Group Inc. bought a new stake in Dunkin’ Brands during the fourth quarter worth about $7,337,000. Institutional investors own 97.68% of the company’s stock.
Several analysts recently issued reports on DNKN shares. Zacks Investment Research upgraded Dunkin’ Brands from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, January 4th. Maxim Group upped their target price on Dunkin’ Brands from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Credit Suisse Group reiterated a “buy” rating and set a $68.00 target price (up previously from $61.00) on shares of Dunkin’ Brands in a report on Thursday, December 21st. BidaskClub upgraded Dunkin’ Brands from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Morgan Stanley dropped their price objective on Dunkin’ Brands from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, March 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Dunkin’ Brands currently has an average rating of “Hold” and an average price target of $64.20.
In related news, insider William M. Mitchell sold 46,180 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $61.30, for a total transaction of $2,830,834.00. Following the sale, the insider now owns 33,000 shares of the company’s stock, valued at $2,022,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nigel Travis sold 57,296 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $63.24, for a total value of $3,623,399.04. Following the sale, the chief executive officer now directly owns 327,957 shares in the company, valued at approximately $20,740,000.68. The disclosure for this sale can be found here. Insiders sold 455,581 shares of company stock worth $28,320,199 in the last ninety days. 3.10% of the stock is owned by company insiders.
Shares of Dunkin’ Brands stock traded down $1.59 on Monday, hitting $58.10. The stock had a trading volume of 1,531,015 shares, compared to its average volume of 1,183,347. Dunkin’ Brands has a twelve month low of $50.89 and a twelve month high of $68.45. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 361.71. The company has a market capitalization of $4,909.98, a price-to-earnings ratio of 23.91, a PEG ratio of 1.68 and a beta of 0.30.
Dunkin’ Brands (NASDAQ:DNKN) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. Dunkin’ Brands had a negative return on equity of 190.44% and a net margin of 40.77%. The company had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.54 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts predict that Dunkin’ Brands will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 12th were given a $0.3475 dividend. This is an increase from Dunkin’ Brands’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.39 annualized dividend and a dividend yield of 2.39%. Dunkin’ Brands’s dividend payout ratio is presently 57.20%.
Dunkin’ Brands 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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