Dunkin Brands Group (DNKN) Raised to “Hold” at Zacks Investment Research

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Dunkin Brands Group (NASDAQ:DNKN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Dunkin’ Brands’ shares have outperformed the industry in the past two years.The company’s franchised business model, various sales initiatives like product launches, ongoing loyalty program along with enhanced digital offerings bode well. Moreover, strong digital initiatives and aggressive expansion strategies by the company also add to positives. However, earnings estimates have remained stable over the past month, reflecting limited upside potential for the company’s future earnings. Moreover, the company is experiencing lower than expected sale in ice cream products which adds to the concern. Intense competition from larger fast casual companies and high costs of operations continue to plague.”

A number of other research analysts have also recently commented on DNKN. KeyCorp assumed coverage on Dunkin Brands Group in a research note on Wednesday, October 3rd. They set a “sector weight” rating on the stock. TheStreet cut Dunkin Brands Group from a “b” rating to a “c+” rating in a research note on Thursday, October 4th. Robert W. Baird upped their price target on Dunkin Brands Group from $80.00 to $82.00 and gave the stock a “positive” rating in a research note on Monday, October 8th. Barclays upped their price target on Dunkin Brands Group from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 9th. Finally, BidaskClub upgraded Dunkin Brands Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 13th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.05.

DNKN traded down $0.20 during trading hours on Tuesday, reaching $68.64. The company’s stock had a trading volume of 21,056 shares, compared to its average volume of 860,376. Dunkin Brands Group has a fifty-two week low of $56.77 and a fifty-two week high of $77.13. The stock has a market capitalization of $5.73 billion, a PE ratio of 28.19, a P/E/G ratio of 1.88 and a beta of 0.52.

In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $73.28, for a total transaction of $139,232.00. Following the transaction, the chief financial officer now owns 4,411 shares of the company’s stock, valued at $323,238.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Karen Raskopf sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $73.36, for a total value of $953,680.00. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $953,680. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 494,591 shares of company stock worth $35,961,848. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC purchased a new position in shares of Dunkin Brands Group during the fourth quarter worth about $48,000. Huntington National Bank purchased a new position in shares of Dunkin Brands Group during the fourth quarter worth about $64,000. Rehmann Capital Advisory Group grew its holdings in shares of Dunkin Brands Group by 18.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,123 shares of the restaurant operator’s stock worth $83,000 after buying an additional 177 shares during the last quarter. Smithfield Trust Co. grew its holdings in shares of Dunkin Brands Group by 2,018.5% during the third quarter. Smithfield Trust Co. now owns 1,377 shares of the restaurant operator’s stock worth $102,000 after buying an additional 1,312 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Dunkin Brands Group during the third quarter worth about $110,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

About Dunkin Brands Group

Dunkin’ Brands Group, Inc operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S.

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