Oak Ridge Investments LLC cut its position in shares of Dunkin’ Brands Group Inc. (NASDAQ:DNKN) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 72,127 shares of the company’s stock after selling 2,771 shares during the period. Oak Ridge Investments LLC’s holdings in Dunkin’ Brands Group were worth $3,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Capital Management LLC increased its position in shares of Dunkin’ Brands Group by 3.6% in the second quarter. Janus Capital Management LLC now owns 8,625,794 shares of the company’s stock valued at $376,257,000 after buying an additional 298,729 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Dunkin’ Brands Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 6,499,624 shares of the company’s stock valued at $283,513,000 after buying an additional 121,691 shares in the last quarter. Meritage Group LP increased its position in shares of Dunkin’ Brands Group by 31.0% in the second quarter. Meritage Group LP now owns 4,961,112 shares of the company’s stock valued at $216,404,000 after buying an additional 1,174,688 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Dunkin’ Brands Group by 3.6% in the second quarter. BlackRock Fund Advisors now owns 3,262,963 shares of the company’s stock valued at $142,330,000 after buying an additional 113,196 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Dunkin’ Brands Group by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,738,615 shares of the company’s stock valued at $119,458,000 after buying an additional 41,190 shares in the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Dunkin` Brands Group (NASDAQ:DNKN)

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) traded up 0.18% during midday trading on Wednesday, hitting $54.29. The stock had a trading volume of 1,061,767 shares. The company’s 50-day moving average price is $49.93 and its 200 day moving average price is $47.43. Dunkin’ Brands Group Inc. has a 52 week low of $36.44 and a 52 week high of $54.47. The company has a market capitalization of $4.98 billion, a PE ratio of 38.59 and a beta of 0.25.

Dunkin’ Brands Group (NASDAQ:DNKN) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The business had revenue of $207.10 million for the quarter, compared to the consensus estimate of $163.51 million. Dunkin’ Brands Group had a negative return on equity of 95.96% and a net margin of 15.98%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, analysts expect that Dunkin’ Brands Group Inc. will post $2.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, November 17th. Dunkin’ Brands Group’s dividend payout ratio is currently 85.11%.

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DNKN has been the topic of several recent analyst reports. BMO Capital Markets set a $46.00 price target on Dunkin’ Brands Group and gave the stock a “hold” rating in a research report on Thursday, October 20th. Robert W. Baird reaffirmed an “outperform” rating on shares of Dunkin’ Brands Group in a research report on Thursday, September 8th. RBC Capital Markets downgraded Dunkin’ Brands Group from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $51.00 to $54.00 in a research report on Monday, October 17th. They noted that the move was a valuation call. Jefferies Group reissued a “hold” rating and set a $45.00 price objective on shares of Dunkin’ Brands Group in a report on Sunday, October 23rd. Finally, Credit Suisse Group AG lifted their price objective on Dunkin’ Brands Group from $51.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $48.91.

In related news, insider John L. Clare sold 9,768 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $48.96, for a total transaction of $478,241.28. Following the sale, the insider now owns 18,874 shares of the company’s stock, valued at $924,071.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott Murphy sold 18,750 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $47.23, for a total value of $885,562.50. Following the sale, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $1,204,553.92. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

About Dunkin’ Brands Group

Dunkin’ Brands Group, Inc is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S.

5 Day Chart for NASDAQ:DNKN

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