Goldman Sachs Maintains Dunkin Brands Group Inc to Neutral with Price Target $47.00

Brokerage firm Goldman Sachs Maintains its rating on Dunkin Brands Group Inc(NASDAQ:DNKN). In a research note issued to the investors, the brokerage major Raises the price-target to $47.00 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jul 21, 2016.

Dunkin Brands Group Inc (DNKN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.14% or 0.53 points. Due to strong positive momentum, the stock ended at $47.07, which is also near the day’s high of $47.68. The stock began the session at $46.54 and the volume stood at 28,73,398 shares. The 52-week high of the shares is $56.6 and the 52 week low is $36.44. The company has a current market capitalization of $4,314 M and it has 9,16,43,204 shares in outstanding.

Dunkin Brands Group Inc(DNKN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $216.31M. Analysts had an estimated revenue of $219.88M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Karen Raskopf (SVP,Chief Communication Offcr) sold 19,200 shares at $46.75 per share price.Also, On May 11, 2016, Paul C Carbone (Chief Financial Officer) sold 1,492 shares at $47.00 per share price.On May 6, 2016, Paul E Twohig (President, DD US & CAN) sold 21,569 shares at $46.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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 business through four segments: Dunkin’ Donuts-U.S. Dunkin’ Donuts International Baskin-Robbins International and Baskin-Robbins-U.S. Dunkin’ Donuts-U.S. segment is a United States QSR concept and markets donut and bagel categories for servings. In addition it has APODs such as self-service kiosks in grocery stores hospitals airports offices and other smaller-footprint properties. Baskin-Robbins-U.S. segment is one of the QSR chains in the United States for servings of hard-serve ice cream and develops and sells a range of frozen ice cream treats such as cones cakes sundaes and frozen beverages. It has approximately 11310 Dunkin’ Donuts and over 7552 Baskin-Robbins points of distribution.

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