Dunkin Brands Group Inc (DNKN) was Downgraded by RBC Capital Mkts to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 54 from a previous price target of $51 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on Dunkin Brands Group Inc. Company shares were Reiterated by Maxim Group on Sep 27, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .Dunkin Brands Group Inc was Downgraded by CLSA to ” Underperform” 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 opened for trading at $51.26 and hit $51.56 on the upside on Friday, eventually ending the session at $51.33, with a gain of 0.94% or 0.48 points. The heightened volatility saw the trading volume jump to 11,80,416 shares. Company has a market cap of $4,709 M.
In a different news, on Aug 8, 2016, William M Mitchell (President, International) sold 5,648 shares at $45.87 per share price. According to the SEC, on Aug 2, 2016, John H Costello (President, Global Mktg & Innov) sold 12,782 shares at $45.15 per share price. On May 11, 2016, Karen Raskopf (SVP,Chief Communication Offcr) sold 19,200 shares at $46.75 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.