Quantitative Investment Management LLC Purchases New Stake in Dunkin’ Brands (DNKN)

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.

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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%.

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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.

Institutional Ownership by Quarter for Dunkin` Brands (NASDAQ:DNKN)

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