Stock analysts at JPMorgan Chase & Co. lifted their price target on shares of Dunkin’ Brands Group (NASDAQ:DNKN) from $45.00 to $46.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 5.35% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $53.00 price target on the stock, up previously from $46.00. Separately, analysts at Miller Tabak upgraded shares of Dunkin’ Brands Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $53.00 price target on the stock, up previously from $46.00. Finally, analysts at Northcoast Research initiated coverage on shares of Dunkin’ Brands Group in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.50.
Shares of Dunkin’ Brands Group (NASDAQ:DNKN) traded up 1.97% on Friday, hitting $48.60. The stock had a trading volume of 2,474,328 shares. Dunkin’ Brands Group has a 52-week low of $28.24 and a 52-week high of $46.34. The stock has a 50-day moving average of $43.62 and a 200-day moving average of $41.02. The company has a market cap of $5.169 billion and a P/E ratio of 40.67.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.02. The company had revenue of $186.32 million for the quarter, compared to the consensus estimate of $182.94 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Dunkin’ Brands Group will post $1.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 26th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 14th.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN) is a franchisors of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.
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