The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) hit a new 52-week high and has $59.02 target or 9.00% above today’s $54.15 share price. The 5 months bullish chart indicates low risk for the $4.95B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $59.02 price target is reached, the company will be worth $445.50M 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 552,648 shares traded hands. Dunkin Brands Group Inc (NASDAQ:DNKN) has risen 12.35% since April 26, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.
Analysts await Dunkin Brands Group Inc (NASDAQ:DNKN) to report earnings on February, 2. They expect $0.61 EPS, up 17.31% or $0.09 from last year’s $0.52 per share. DNKN’s profit will be $55.76M for 22.19 P/E if the $0.61 EPS becomes a reality. After $0.60 actual EPS reported by Dunkin Brands Group Inc for the previous quarter, Wall Street now forecasts 1.67% EPS growth.
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 41 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 17. Zacks upgraded it to “Hold” rating and $57 target price in Wednesday, August 26 report. The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) has “Buy” rating given on Thursday, November 19 by Maxim Group. The stock has “Outperform” rating given by Credit Suisse on Monday, October 19. The firm has “Outperform” rating by Credit Suisse given on Tuesday, November 29. Credit Agricole upgraded the stock to “Buy” rating in Wednesday, October 28 report. The rating was initiated by Maxim Group on Friday, August 28 with “Buy”. The firm has “Buy” rating by CLSA given on Wednesday, October 28. Tigress Financial downgraded the stock to “Buy” rating in Tuesday, October 27 report. The firm earned “Buy” rating on Wednesday, July 29 by Williams Capital Group.
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 turned negative, 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.
Fiera Cap has 681,944 shares for 0.17% of their US portfolio. Public Employees Retirement Association Of Colorado accumulated 23,688 shares or 0.01% of the stock. Moreover, Credit Suisse Ag has 0.01% invested in Dunkin Brands Group Inc (NASDAQ:DNKN) for 132,121 shares. D E Shaw Inc, a New York-based fund reported 106,430 shares. Arrow Fincl reported 100 shares or 0% of all its holdings. Ubs Oconnor Limited Liability Corporation owns 25,587 shares or 0% of their US portfolio. Deprince Race Zollo Incorporated owns 825,297 shares or 0.73% of their US portfolio. Ibm Retirement Fund holds 9,262 shares or 0.01% of its portfolio. Moors Cabot accumulated 0.11% or 14,516 shares. Invsts Advisory Services has invested 0.09% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN). Architects Inc, a New Jersey-based fund reported 465 shares. Retirement Of Alabama has invested 0.08% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN). Proshare Advsrs Ltd owns 8,100 shares or 0% of their US portfolio. Gillespie Robinson & Grimm has 472,292 shares for 3.3% of their US portfolio. Mark Sheptoff Financial Planning Ltd Liability Corp last reported 2,104 shares in the company.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 9 insider sales for $3.81 million net activity. 3,804 shares were sold by CARBONE PAUL C, worth $179,701 on Friday, November 4. On Friday, November 4 the insider Murphy Scott sold $885,563. COSTELLO JOHN H had sold 12,782 shares worth $577,107. The insider TWOHIG PAUL E sold $340,130. Raskopf Karen sold $507,780 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) on Thursday, October 27. VARUGHESE JOHN sold 7,095 shares worth $348,365. $259,074 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) shares were sold by Mitchell William M.
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: “Dunkin’ Brands Franchisees Slowing on Store Openings”, Wsj.com published: “Former McDonald’s Executive to Give Up More Than $6 Million in Move to Dunkin …” on September 22, 2016. More interesting news about Dunkin Brands Group Inc (NASDAQ:DNKN) was released by: Prnewswire.com and their article: “Dunkin’ Donuts Announces Return Of “Pats Win, You Win” Coffee Offer For DD …” with publication date: August 30, 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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