Equities research analysts at RBC Capital initiated coverage on shares of Dunkin’ Brands Group (NASDAQ:DNKN) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $57.00 price target on the stock. RBC Capital’s target price indicates a potential upside of 20.71% from the company’s current price.
The analysts wrote, “We believe the launch of digital loyalty in 1Q14, together with ongoing strong unit growth, should lead to accelerating revenue growth from the high margin Dunkin US business in 2014. This should result in high teens near-term EPS growth and mid-teens EPS growth longer-term. Additional near-term upside can come from a step up in stock repurchase or a higher dividend payout.”
Dunkin’ Brands Group (NASDAQ:DNKN) traded up 1.57% on Friday, hitting $47.96. The stock had a trading volume of 778,362 shares. Dunkin’ Brands Group has a 52 week low of $28.97 and a 52 week high of $49.40. The stock has a 50-day moving average of $46.36 and a 200-day moving average of $43.41. The company has a market cap of $5.076 billion and a P/E ratio of 36.72.
Dunkin’ Brands Group (NASDAQ:DNKN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 $1.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 26th. Shareholders of record on Monday, November 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 14th.
In other Dunkin’ Brands Group news, VP John Varughese sold 5,908 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $48.45, for a total value of $286,242.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
DNKN has been the subject of a number of other recent research reports. Analysts at Northcoast Research downgraded shares of Dunkin’ Brands Group from a “neutral” rating to a “sell” rating in a research note to investors on Monday, October 28th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Dunkin’ Brands Group from $45.00 to $46.00 in a research note to investors on Friday, October 25th. They now have a “neutral” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.23.
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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