Sawtooth Solutions LLC acquired a new position in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) in the first quarter, Holdings Channel reports. The institutional investor acquired 3,453 shares of the restaurant operator’s stock, valued at approximately $259,000.

A number of other hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC lifted its stake in Dunkin Brands Group by 24.4% during the fourth quarter. Advisory Services Network LLC now owns 755 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 148 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Dunkin Brands Group by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 22,100 shares of the restaurant operator’s stock worth $1,660,000 after purchasing an additional 200 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in Dunkin Brands Group by 37.2% during the fourth quarter. NumerixS Investment Technologies Inc now owns 800 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 217 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Dunkin Brands Group by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 50,607 shares of the restaurant operator’s stock worth $3,798,000 after purchasing an additional 235 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in Dunkin Brands Group by 0.6% during the first quarter. Tocqueville Asset Management L.P. now owns 43,125 shares of the restaurant operator’s stock worth $3,239,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 89.03% of the company’s stock.

In related news, COO Scott Murphy sold 29,709 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $74.51, for a total transaction of $2,213,617.59. Following the transaction, the chief operating officer now owns 11,882 shares of the company’s stock, valued at $885,327.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John L. Clare sold 8,367 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $75.00, for a total value of $627,525.00. Following the transaction, the insider now directly owns 29,412 shares in the company, valued at approximately $2,205,900. The disclosure for this sale can be found here. In the last three months, insiders sold 54,641 shares of company stock worth $4,077,689. Corporate insiders own 1.70% of the company’s stock.

DNKN has been the subject of several recent analyst reports. Citigroup decreased their target price on Dunkin Brands Group from $87.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Maxim Group cut Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $79.00 target price for the company. in a research note on Monday, April 22nd. BidaskClub upgraded Dunkin Brands Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Argus cut Dunkin Brands Group from a “buy” rating to a “hold” rating and set a $68.92 price objective for the company. in a research note on Thursday, February 14th. Finally, UBS Group set a $72.00 price objective on Dunkin Brands Group and gave the company a “hold” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the stock. Dunkin Brands Group currently has a consensus rating of “Hold” and a consensus price target of $70.45.

Shares of NASDAQ:DNKN traded up $0.33 during trading on Wednesday, reaching $80.78. The company had a trading volume of 6,757 shares, compared to its average volume of 770,141. The firm has a market cap of $6.49 billion, a P/E ratio of 28.03, a PEG ratio of 2.43 and a beta of 0.45. Dunkin Brands Group Inc has a fifty-two week low of $61.69 and a fifty-two week high of $80.94.

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $319.10 million for the quarter, compared to analyst estimates of $312.38 million. Dunkin Brands Group had a negative return on equity of 33.52% and a net margin of 17.33%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, analysts expect that Dunkin Brands Group Inc will post 3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Monday, June 3rd will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, May 31st. Dunkin Brands Group’s payout ratio is currently 51.72%.

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Dunkin Brands Group Company Profile

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

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