Meritage Group Lp buys $234,660,598 stake in Dunkin Brands Group Inc (DNKN)

Dunkin Brands Group Inc (DNKN) : Meritage Group Lp scooped up 1,174,688 additional shares in Dunkin Brands Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,961,112 shares of Dunkin Brands Group Inc which is valued at $234,660,598.Dunkin Brands Group Inc makes up approximately 7.10% of Meritage Group Lp’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan boosted its stake in DNKN in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 623 shares of Dunkin Brands Group Inc which is valued at $29,393.Checchi Capital Advisers reduced its stake in DNKN by selling 43 shares or 7.19% in the most recent quarter. The Hedge Fund company now holds 555 shares of DNKN which is valued at $26,440. Dunkin Brands Group Inc makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Dunkin Brands Group Inc opened for trading at $49.24 and hit $49.85 on the upside on Monday, eventually ending the session at $49.6, with a gain of 1.20% or 0.59 points. The heightened volatility saw the trading volume jump to 14,98,191 shares. Company has a market cap of $4,550 M.

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.

Many Wall Street Analysts have commented on Dunkin Brands Group Inc. Dunkin Brands Group Inc was Downgraded by CLSA to ” Underperform” on Jul 28, 2016.

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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