Dunkin Brands Group Inc (DNKN) is Downgraded by CLSA to Underperform

Dunkin Brands Group Inc (DNKN) was Downgraded by CLSA to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. CLSA advised their investors in a research report released on Jul 28, 2016.

On the company’s financial health, Dunkin Brands Group Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.56. The company had revenue of $216.30 million for the quarter, compared to analysts expectations of $219.93 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Dunkin Brands Group Inc closed down -0.51 points or -1.10% at $45.76 with 17,61,799 shares getting traded on Thursday. Post opening the session at $45.55, the shares hit an intraday low of $45.2619 and an intraday high of $46.06 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jul 21, 2016, Dunkin Brands Group Inc announced a cash dividend of $0.3000. The company’s management has announced Aug 18, 2016 as the ex-dividend date and fixed the record date on Aug 22, 2016. The payable date has been fixed on Aug 31, 2016.

In a different news, on May 11, 2016, Karen Raskopf (SVP,Chief Communication Offcr) sold 19,200 shares at $46.75 per share price. According to the SEC, on May 11, 2016, Paul C Carbone (Chief Financial Officer) sold 1,492 shares at $47.00 per share price. On May 6, 2016, Paul E Twohig (President, DD US & CAN) sold 21,569 shares at $46.85 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.

Dunkin Brands Group Inc

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