Dunkin Brands Group (NASDAQ:DNKN) Downgraded by Royal Bank of Canada

Royal Bank of Canada lowered shares of Dunkin Brands Group (NASDAQ:DNKN) from an outperform rating to a sector perform rating in a research note released on Friday, September 14th, Marketbeat Ratings reports. They currently have $76.02 target price on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the company. ValuEngine upgraded Dunkin Brands Group from a hold rating to a buy rating in a report on Tuesday, June 12th. TheStreet upgraded Dunkin Brands Group from a c+ rating to a b rating in a report on Friday, July 27th. BMO Capital Markets upped their price target on Dunkin Brands Group from $69.00 to $78.00 and gave the stock an outperform rating in a report on Friday, July 27th. Barclays boosted their price objective on Dunkin Brands Group from $70.00 to $73.00 and gave the company an overweight rating in a research report on Thursday, June 7th. Finally, BidaskClub upgraded Dunkin Brands Group from a buy rating to a strong-buy rating in a research report on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $67.77.

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

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 26th. The restaurant operator reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $350.64 million for the quarter, compared to analysts’ expectations of $343.38 million. Dunkin Brands Group had a negative return on equity of 50.62% and a net margin of 32.48%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. On average, research analysts predict that Dunkin Brands Group will post 2.72 earnings per share for the current year.

In other Dunkin Brands Group news, insider John L. Clare sold 27,863 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $69.67, for a total value of $1,941,215.21. Following the completion of the sale, the insider now directly owns 47,510 shares in the company, valued at $3,310,021.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Maceda sold 7,103 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $71.89, for a total value of $510,634.67. Following the completion of the sale, the senior vice president now owns 3,771 shares of the company’s stock, valued at $271,097.19. The disclosure for this sale can be found here. Insiders sold 739,693 shares of company stock valued at $51,896,387 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. bought a new position in shares of Dunkin Brands Group during the third quarter worth about $689,000. High Falls Advisors Inc bought a new position in shares of Dunkin Brands Group during the second quarter worth about $222,000. MetLife Investment Advisors LLC grew its holdings in shares of Dunkin Brands Group by 1.6% during the second quarter. MetLife Investment Advisors LLC now owns 52,145 shares of the restaurant operator’s stock worth $3,602,000 after buying an additional 812 shares in the last quarter. Hilltop Holdings Inc. bought a new position in shares of Dunkin Brands Group during the second quarter worth about $278,000. Finally, Paloma Partners Management Co grew its holdings in shares of Dunkin Brands Group by 52.0% during the second quarter. Paloma Partners Management Co now owns 10,499 shares of the restaurant operator’s stock worth $725,000 after buying an additional 3,590 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

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.

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