CLSA Downgrades Dunkin Brands Group Inc to Outperform

Brokerage firm CLSA Downgrades its rating on Dunkin Brands Group Inc(NASDAQ:DNKN). The shares have been rated Outperform. Previously, the analysts had a Buy rating on the shares. The rating by CLSA was issued on Apr 12, 2016.

In a different note, On Mar 7, 2016, Guggenheim Securities said it Downgrades its rating on Dunkin Brands Group Inc. The shares have been rated ‘Hold’ by the firm. On Feb 18, 2016, CL King said it Downgrades its rating on Dunkin Brands Group Inc. The shares have been rated ‘Neutral’ by the firm. On Jan 19, 2016, William Blair said it Downgrades its rating on Dunkin Brands Group Inc. The shares have been rated ‘Market Perform’ by the firm.

Dunkin Brands Group Inc (DNKN) made into the market gainers list on Fridays trading session with the shares advancing 0.40% or 0.19 points. Due to strong positive momentum, the stock ended at $47.98, which is also near the day’s high of $48.06. The stock began the session at $47.82 and the volume stood at 14,25,272 shares. The 52-week high of the shares is $56.79 and the 52 week low is $36.44. The company has a current market capitalization of $4,398 M and it has 9,16,67,379 shares in outstanding.

Dunkin Brands Group Inc(DNKN) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $203.80M. Analysts had an estimated revenue of $203.25M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2015, Paul C Carbone (Chief Financial Officer) sold 7,465 shares at $53.12 per share price.Also, On Aug 4, 2015, Richard J Emmett (Chief Legal and HR Officer) sold 5,000 shares at $54.94 per share price.On Aug 4, 2015, Nigel Travis (CEO & Chairman) sold 60,000 shares at $54.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Dunkin’ Brands Group Inc. is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates business through four segments: Dunkin’ Donuts-U.S. Dunkin’ Donuts International Baskin-Robbins International and Baskin-Robbins-U.S. Dunkin’ Donuts-U.S. segment is a United States QSR concept and markets donut and bagel categories for servings. In addition it has APODs such as self-service kiosks in grocery stores hospitals airports offices and other smaller-footprint properties. Baskin-Robbins-U.S. segment is one of the QSR chains in the United States for servings of hard-serve ice cream and develops and sells a range of frozen ice cream treats such as cones cakes sundaes and frozen beverages. It has approximately 11310 Dunkin’ Donuts and over 7552 Baskin-Robbins points of distribution.

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