Dunkin Brands Group (DNKN) : Traders are bullish on Dunkin Brands Group (DNKN) as it has outperformed the S&P 500 by a margin of 5.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.23% in the last 1 week, and is up 12.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Dunkin Brands Group (NASDAQ:DNKN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.88 and $46.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.64, notching a gain of 1.93% for the day. The total traded volume was 1,096,308 . The stock had closed at $46.74 on the previous day.
The stock has recorded a 20-day Moving Average of 5.9% and the 50-Day Moving Average is 6.86%. Dunkin Brands Group, Inc. has dropped 0.87% during the last 3-month period . Year-to-Date the stock performance stands at 13.34%.
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.