Dunkin Brands Group (NASDAQ:DNKN) Price Target Cut to $73.00 by Analysts at JPMorgan Chase & Co.

Dunkin Brands Group (NASDAQ:DNKN) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $74.00 to $73.00 in a note issued to investors on Friday, June 28th, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 8.86% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. BidaskClub raised shares of Winmark from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Maxim Group reiterated a “hold” rating on shares of Westamerica Bancorporation in a research report on Monday, April 22nd. Wedbush set a $18.00 target price on shares of Catabasis Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, June 24th. Oppenheimer set a $15.00 price target on Strongbridge Biopharma and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, Credit Suisse Group initiated coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Shares of DNKN traded down $0.37 during trading hours on Friday, hitting $80.10. The stock had a trading volume of 366,140 shares, compared to its average volume of 636,266. The business’s 50-day moving average is $79.68. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.48. Dunkin Brands Group has a fifty-two week low of $61.69 and a fifty-two week high of $83.22.

Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Dunkin Brands Group had a net margin of 17.33% and a negative return on equity of 33.52%. The firm had revenue of $319.10 million during the quarter, compared to analyst estimates of $312.38 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Dunkin Brands Group’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts forecast that Dunkin Brands Group will post 3 earnings per share for the current fiscal year.

In related news, CFO Katherine D. Jaspon sold 4,894 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $74.94, for a total transaction of $366,756.36. Following the sale, the chief financial officer now owns 6,674 shares in the company, valued at $500,149.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Murphy sold 29,709 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $74.51, for a total value of $2,213,617.59. Following the completion of the transaction, the chief operating officer now directly owns 11,882 shares in the company, valued at approximately $885,327.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,641 shares of company stock valued at $4,077,689. 1.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of DNKN. Norges Bank bought a new stake in shares of Dunkin Brands Group in the 4th quarter worth approximately $37,948,000. Deutsche Bank AG grew its position in Dunkin Brands Group by 432.3% in the fourth quarter. Deutsche Bank AG now owns 516,822 shares of the restaurant operator’s stock worth $33,135,000 after acquiring an additional 419,727 shares in the last quarter. BlackRock Inc. grew its position in Dunkin Brands Group by 5.6% in the fourth quarter. BlackRock Inc. now owns 7,659,515 shares of the restaurant operator’s stock worth $491,126,000 after acquiring an additional 406,993 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Dunkin Brands Group in the first quarter worth $23,173,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Dunkin Brands Group by 96.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 542,930 shares of the restaurant operator’s stock worth $34,813,000 after purchasing an additional 266,796 shares during the last quarter. Institutional investors own 88.98% of the company’s stock.

Dunkin Brands Group Company Profile

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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