The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) hit a new 52-week high and has $69.81 target or 35.00% above today’s $51.71 share price. The 8 months bullish chart indicates low risk for the $4.77B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $69.81 price target is reached, the company will be worth $1.67B 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 1.14M shares traded hands. Dunkin Brands Group Inc (NASDAQ:DNKN) has risen 8.62% since February 26, 2016 and is uptrending. It has underperformed by 1.81% the S&P500.
Analysts await Dunkin Brands Group Inc (NASDAQ:DNKN) to report earnings on October, 27. They expect $0.58 earnings per share, up 11.54% or $0.06 from last year’s $0.52 per share. DNKN’s profit will be $53.50 million for 22.29 P/E if the $0.58 EPS becomes a reality. After $0.57 actual earnings per share reported by Dunkin Brands Group Inc for the previous quarter, Wall Street now forecasts 1.75% EPS growth.
Dunkin Brands Group Inc (NASDAQ:DNKN) Ratings Coverage
Out of 22 analysts covering Dunkin Brands (NASDAQ:DNKN), 10 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 45% are positive. $62 is the highest target while $42 is the lowest. The $49.47 average target is -4.33% below today’s ($51.71) stock price. Dunkin Brands has been the topic of 39 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Wednesday, October 28 the stock rating was upgraded by Credit Agricole to “Buy”. The company was downgraded on Thursday, February 18 by CL King. The firm has “Neutral” rating by Piper Jaffray given on Friday, October 23. Williams Capital Group maintained the stock with “Buy” rating in Wednesday, July 29 report. On Wednesday, April 20 the stock rating was initiated by Nomura with “Neutral”. The firm has “Buy” rating by CLSA given on Wednesday, October 28. On Friday, October 2 the stock rating was upgraded by CLSA to “Outperform”. Maxim Group initiated the stock with “Buy” rating in Friday, August 28 report. The firm has “Buy” rating given on Friday, October 2 by Maxim Group. The firm earned “Buy” rating on Monday, September 7 by Zacks.
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 is 1.05 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 39 funds sold all Dunkin Brands Group Inc shares owned while 88 reduced positions. only 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.
Tortoise Invest Ltd Liability Corporation has 104 shares for 0% of their US portfolio. Guggenheim Ltd Liability Corporation last reported 96,689 shares in the company. Fund Mngmt, a France-based fund reported 72,580 shares. Hudock Capital Gp Ltd Liability holds 0% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN) for 101 shares. Brown Advisory holds 5,851 shares or 0% of its portfolio. The New York-based Clinton Group Inc has invested 0.09% in Dunkin Brands Group Inc (NASDAQ:DNKN). Wellington Group Llp holds 0.02% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN) for 1.52M shares. Seven Eight Lc last reported 1,600 shares in the company. Columbia Wanger Asset owns 872,955 shares or 0.44% of their US portfolio. Capstone Asset holds 0.01% or 10,222 shares in its portfolio. Auxier Asset Management accumulated 4,800 shares or 0.05% of the stock. Natl Bank Of Montreal Can accumulated 0% or 61,462 shares. Lpl Fin Limited Liability Company last reported 0% of its portfolio in the stock. Oak Ridge Ltd Liability has invested 0.08% of its portfolio in Dunkin Brands Group Inc (NASDAQ:DNKN). Carlson Capital Limited Partnership holds 69,300 shares or 0.04% of its portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 7 sales for $5.56 million net activity. CARBONE PAUL C also sold $282,000 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) on Thursday, May 5. Another trade for 12,782 shares valued at $577,107 was made by COSTELLO JOHN H on Monday, August 1. Shares for $1.01M were sold by TWOHIG PAUL E on Wednesday, May 4. Raskopf Karen sold $897,600 worth of stock or 19,200 shares. $259,074 worth of Dunkin Brands Group Inc (NASDAQ:DNKN) was sold by Mitchell William M.
More recent Dunkin Brands Group Inc (NASDAQ:DNKN) news were published by: Wsj.com which released: “Former McDonald’s Executive to Give Up More Than $6 Million in Move to Dunkin …” on September 22, 2016. Also Finance.Yahoo.com published the news titled: “Dunkin’ Brands Well Poised; International Markets a Drag” on September 19, 2016. Prnewswire.com‘s news article titled: “Dunkin’ Donuts Presents “Runnin’ On a Cold Brew” Music Video Featuring Odell …” with publication date: September 19, 2016 was also an interesting one.
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