Dunkin Brands Group Inc (DNKN) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 47 from a previous price target of $43 . Wedbush advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Dunkin Brands Group Inc. Nomura Initiated Dunkin Brands Group Inc on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $46.Dunkin Brands Group Inc was Downgraded by Credit Agricole to ” Outperform” on Apr 13, 2016. Dunkin Brands Group Inc was Downgraded by Guggenheim to ” Neutral” on Mar 7, 2016.
On the company’s financial health, Dunkin Brands Group Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.43. The company had revenue of $189.80 million for the quarter, compared to analysts expectations of $188.17 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Dunkin Brands Group Inc opened for trading at $47.81 and hit $48.24 on the upside on Wednesday, eventually ending the session at $47.86, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 18,52,604 shares. Company has a market cap of $4,387 M.
In a different news, on Aug 10, 2015, Paul C Carbone (Chief Financial Officer) sold 7,465 shares at $53.12 per share price. According to the SEC, 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.