Flagship Harbor Advisors LLC Invests $201,000 in Dunkin Brands Group Inc (DNKN)

Flagship Harbor Advisors LLC acquired a new stake in Dunkin Brands Group Inc (NASDAQ:DNKN) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,911 shares of the restaurant operator’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in Dunkin Brands Group by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,919 shares of the restaurant operator’s stock valued at $30,178,000 after purchasing an additional 32,045 shares during the period. Keybank National Association OH boosted its holdings in Dunkin Brands Group by 175.4% in the 2nd quarter. Keybank National Association OH now owns 24,375 shares of the restaurant operator’s stock valued at $1,684,000 after purchasing an additional 15,525 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Dunkin Brands Group by 38.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,043 shares of the restaurant operator’s stock valued at $832,000 after purchasing an additional 3,355 shares during the period. Boston Private Wealth LLC boosted its holdings in Dunkin Brands Group by 29.6% in the 1st quarter. Boston Private Wealth LLC now owns 4,160 shares of the restaurant operator’s stock valued at $248,000 after purchasing an additional 950 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Dunkin Brands Group by 1.3% in the 1st quarter. Royal Bank of Canada now owns 113,709 shares of the restaurant operator’s stock valued at $6,787,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 99.25% of the company’s stock.

In related news, COO Scott Murphy sold 11,907 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $70.17, for a total transaction of $835,514.19. Following the transaction, the chief operating officer now owns 20,161 shares in the company, valued at $1,414,697.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Maceda sold 7,103 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $71.89, for a total transaction of $510,634.67. Following the transaction, the senior vice president now owns 3,771 shares in the company, valued at approximately $271,097.19. The disclosure for this sale can be found here. Insiders sold 739,693 shares of company stock worth $51,896,387 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Dunkin Brands Group stock traded down $0.15 during mid-day trading on Friday, hitting $71.33. The company’s stock had a trading volume of 506,634 shares, compared to its average volume of 1,007,737. Dunkin Brands Group Inc has a 12 month low of $53.68 and a 12 month high of $77.13. The company has a market capitalization of $6.18 billion, a PE ratio of 29.35, a P/E/G ratio of 2.18 and a beta of 0.35. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of -3.72.

Dunkin Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Dunkin Brands Group had a net margin of 32.48% and a negative return on equity of 50.62%. The firm had revenue of $350.64 million for the quarter, compared to analysts’ expectations of $343.38 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that Dunkin Brands Group Inc will post 2.72 earnings per share for the current fiscal year.

Several brokerages have commented on DNKN. ValuEngine raised shares of Dunkin Brands Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 12th. TheStreet raised shares of Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Dunkin Brands Group in a report on Friday, July 27th. BMO Capital Markets lifted their price objective on shares of Dunkin Brands Group from $69.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Finally, BidaskClub raised shares of Dunkin Brands Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $67.77.

About Dunkin Brands Group

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.

Further Reading: Asset Allocation, Balancing Your Investments

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

Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply