Eminence Capital Lp adds Dunkin Brands Group Inc (DNKN) to its portfolio

Dunkin Brands Group Inc (DNKN) : Eminence Capital Lp added new position in Dunkin Brands Group Inc during the most recent quarter end. The investment management firm now holds 3,988,179 shares of Dunkin Brands Group Inc which is valued at $196,058,880 , the company said in a statement filed on Nov 14, 2016 with the SEC.Dunkin Brands Group Inc makes up approximately 3.29% of Eminence Capital Lp’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in DNKN by selling 454 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 7,646 shares of DNKN which is valued at $372,590. Dunkin Brands Group Inc makes up approx 0.01% of Proshare Advisors’s portfolio. Trexquant Investment Lp sold out all of its stake in DNKN during the most recent quarter. The investment firm sold 34,528 shares of DNKN which is valued $1,682,549. Checchi Capital Advisers sold out all of its stake in DNKN during the most recent quarter. The investment firm sold 555 shares of DNKN which is valued $27,045.New York State Common Retirement Fund reduced its stake in DNKN by selling 64,248 shares or 14.76% in the most recent quarter. The Hedge Fund company now holds 371,093 shares of DNKN which is valued at $17,812,464. Dunkin Brands Group Inc makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.

Dunkin Brands Group Inc opened for trading at $49.84 and hit $51 on the upside on Monday, eventually ending the session at $50.9, with a gain of 1.98% or 0.99 points. The heightened volatility saw the trading volume jump to 10,58,808 shares. Company has a market cap of $4,669 M.

On the company’s financial health, Dunkin Brands Group Inc reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.58. The company had revenue of $207.10 million for the quarter, compared to analysts expectations of $214.69 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Dunkin Brands Group Inc. Company shares were Downgraded by RBC Capital Mkts on Oct 17, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .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. 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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