Breaking: Is Buying 52-Week Stock Like Dunkin Brands Group Inc a Winning Strategy?

Breaking: Is Buying 52 Week Stock Like Dunkin Brands Group Inc a Winning Strategy?

The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) hit a new 52-week high and has $72.34 target or 37.00% above today’s $52.80 share price. The 9 months bullish chart indicates low risk for the $5.02B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $72.34 price target is reached, the company will be worth $1.86 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.45 million shares traded hands or 11.54% up from the average. Dunkin Brands Group Inc (NASDAQ:DNKN) has risen 5.67% since April 19, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.

Dunkin Brands Group Inc (NASDAQ:DNKN) Ratings Coverage

Out of 22 analysts covering Dunkin Brands (NASDAQ:DNKN), 9 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 41% are positive. Dunkin Brands has been the topic of 40 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, October 17. The stock has “Buy” rating given by Maxim Group on Tuesday, February 2. Credit Suisse maintained Dunkin Brands Group Inc (NASDAQ:DNKN) on Tuesday, September 20 with “Outperform” rating. CL King downgraded Dunkin Brands Group Inc (NASDAQ:DNKN) on Thursday, February 18 to “Neutral” rating. The rating was maintained by Maxim Group on Tuesday, September 27 with “Buy”. As per Monday, October 19, the company rating was downgraded by Credit Suisse. The rating was maintained by Goldman Sachs on Friday, July 22 with “Neutral”. The company was initiated on Wednesday, April 20 by Nomura. The firm earned “Sell” rating on Tuesday, April 5 by Evercore. Zacks upgraded the shares of DNKN in a report on Monday, September 7 to “Buy” rating.

According to Zacks Investment Research, “Dunkin’ Brands Group, Inc. owns, operates, and franchises quick service restaurants worldwide. It serves hot and cold coffee and baked goods, as well as ice cream. Its brands include Dunkin’ Donuts and Baskin-Robbins. Dunkin’ Brands Group is headquartered in Canton, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.21, from 1.05 in 2016Q1. The ratio worsened, as 39 funds sold all Dunkin Brands Group Inc shares owned while 88 reduced positions. 34 funds bought stakes while 99 increased positions. They now own 85.63 million shares or 4.38% less from 89.55 million shares in 2016Q1.
Panagora Asset Mngmt holds 0.01% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN) for 26,326 shares. Highbridge Cap Llc accumulated 0.01% or 8,121 shares. Capstone Asset Management reported 10,222 shares or 0.01% of all its holdings. Whittier has invested 0% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN). Jpmorgan Chase And holds 53,347 shares or 0% of its portfolio. Commonwealth Equity Svcs holds 0.05% or 141,468 shares in its portfolio. American Grp Incorporated accumulated 176,735 shares or 0% of the stock. The Alabama-based Retirement System Of Alabama has invested 0.08% in Dunkin Brands Group Inc (NASDAQ:DNKN). Neuberger Berman Grp Ltd Liability Corp holds 118,329 shares or 0.01% of its portfolio. Hudock Cap Ltd Liability reported 101 shares or 0% of all its holdings. Legal And General Gp Public Limited Com has 22,682 shares for 0% of their US portfolio. New Jersey Better Educational Savings Tru holds 12,000 shares or 0.35% of its portfolio. Invesco Limited accumulated 0.02% or 1.10M shares. Two Sigma Limited Liability Corp accumulated 0.14% or 5,835 shares. Paloma Partners Mngmt holds 72,111 shares or 0.03% of its portfolio.

Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 9 insider sales for $3.81 million net activity. TWOHIG PAUL E sold $340,130 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) on Thursday, October 27. Clare John L. also sold $478,241 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) shares. The insider Mitchell William M sold 5,648 shares worth $259,074. COSTELLO JOHN H sold 12,782 shares worth $577,107. VARUGHESE JOHN also sold $348,365 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) on Friday, October 28. EMMETT RICHARD J sold 5,000 shares worth $236,650. 3,804 Dunkin Brands Group Inc (NASDAQ:DNKN) shares with value of $179,701 were sold by CARBONE PAUL C.

More important recent Dunkin Brands Group Inc (NASDAQ:DNKN) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Dunkin’ Brands Group, Ormat Technologies and Southern” on November 15, 2016, also Wsj.com published article titled: “Former McDonald’s Executive to Give Up More Than $6 Million in Move to Dunkin …”, Finance.Yahoo.com published: “Dunkin’ Brands Poised for Long-Term Growth, Risks Remain” on November 17, 2016. More interesting news about Dunkin Brands Group Inc (NASDAQ:DNKN) was released by: Prnewswire.com and their article: “Dunkin’ Donuts Announces Plans For Nine New Restaurants In Greenville And …” with publication date: November 14, 2016.

DNKN Company Profile

Dunkin’ Brands Group, Inc., incorporated on November 22, 2005, is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Firm franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Firm operates its business through four divisions, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. The Firm has over 18,000 points of distribution in approximately 60 countries across the world. It has over 11,750 Dunkin’ Donuts points of distribution, of which approximately 8,430 are in the United States and over 3,320 are international, and approximately 7,610 Baskin-Robbins points of distribution, of which over 5,104 are international and approximately 2,500 are in the United States.

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