Dunkin Brands Group (NASDAQ:DNKN) Rating Increased to Overweight at JPMorgan Chase & Co.

Dunkin Brands Group (NASDAQ:DNKN) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday, MarketBeat reports. The firm currently has a $76.00 price objective on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 10.58% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Goldman Sachs Group upped their target price on shares of Dunkin Brands Group from $48.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Royal Bank of Canada raised their target price on shares of Dunkin Brands Group from $60.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Wedbush lifted their price objective on shares of Dunkin Brands Group from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday. Wolfe Research began coverage on shares of Dunkin Brands Group in a research note on Friday, April 17th. They set an “outperform” rating and a $68.00 target price for the company. Finally, William Blair reissued a “buy” rating on shares of Dunkin Brands Group in a report on Thursday, June 4th. Seventeen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $74.86.

Shares of Dunkin Brands Group stock traded up $0.08 during trading on Friday, hitting $68.73. 1,078,805 shares of the company’s stock were exchanged, compared to its average volume of 807,135. Dunkin Brands Group has a 52-week low of $38.51 and a 52-week high of $84.74. The business has a 50-day simple moving average of $66.07 and a 200-day simple moving average of $65.61. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.23 and a beta of 0.90.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $287.40 million for the quarter, compared to analyst estimates of $275.52 million. Dunkin Brands Group had a net margin of 16.79% and a negative return on equity of 38.22%. Dunkin Brands Group’s quarterly revenue was down 20.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. Sell-side analysts forecast that Dunkin Brands Group will post 2.6 EPS for the current year.

In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total transaction of $462,000.00. Following the sale, the chief financial officer now owns 12,730 shares in the company, valued at $840,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNKN. Champlain Investment Partners LLC purchased a new position in shares of Dunkin Brands Group in the first quarter worth about $79,706,000. Norges Bank purchased a new position in shares of Dunkin Brands Group in the fourth quarter worth about $48,941,000. Morgan Stanley increased its holdings in shares of Dunkin Brands Group by 122.2% in the first quarter. Morgan Stanley now owns 778,519 shares of the restaurant operator’s stock worth $41,340,000 after buying an additional 428,104 shares during the period. HS Management Partners LLC increased its holdings in shares of Dunkin Brands Group by 21.7% in the first quarter. HS Management Partners LLC now owns 1,736,194 shares of the restaurant operator’s stock worth $92,192,000 after buying an additional 309,140 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Dunkin Brands Group by 416.3% in the first quarter. Squarepoint Ops LLC now owns 367,428 shares of the restaurant operator’s stock worth $19,510,000 after buying an additional 296,268 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s stock.

About Dunkin Brands Group

Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.

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Analyst Recommendations for Dunkin Brands Group (NASDAQ:DNKN)

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