Dunkin Brands Group (DNKN) has been under a strong bear grip, hence the stock is down -0.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.73% in the past 1 week. The stock has risen by 0.7% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.02% in the past 4 weeks.
Dunkin Brands Group, Inc. is up 10.75% in the last 3-month period. Year-to-Date the stock performance stands at 14.05%. The stock has recorded a 20-day Moving Average of 3.37% and the 50-Day Moving Average is 5.36%.
Dunkin Brands Group (NASDAQ:DNKN): The stock opened at $47.78 on Friday but the bulls could not build on the opening and the stock topped out at $47.78 for the day. The stock traded down to $47.26 during the day, due to lack of any buying support eventually closed down at $47.63 with a loss of -0.42% for the day. The stock had closed at $47.83 on the previous day. The total traded volume was 1,443,204 shares.
Also, In a research note released to the investors, CLSA downgrades its rating on Dunkin Brands Group (NASDAQ:DNKN).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 28, 2016.
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 11,310 Dunkin Donuts and over 7,552 Baskin-Robbins points of distribution.