Dunkin Brands Group (DNKN) : 3 brokerage houses believe that Dunkin Brands Group (DNKN) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Dunkin Brands Group (DNKN). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.82.
Dunkin Brands Group (DNKN) : 12 investment research analysts covering Dunkin Brands Group (DNKN) have an average price target of $48.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $54 and the lowest target is $43 for the short term. Analysts expect the variance to be within $3.93 of the average price.
Company shares have received an average consensus rating of Hold for the current week Dunkin Brands Group (NASDAQ:DNKN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.48 and $46.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.18, notching a gain of 1.68% for the day. The total traded volume was 1,636,195 . The stock had closed at $46.40 on the previous day.
In a related news, Costello John H, officer (President, Global Mktg & Innov) of Dunkin Brands Group, Inc., unloaded 12,782 shares at an average price of $45.15 on August 1, 2016. The total amount of the transaction was worth $577,107, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.