Dunkin Brands Group (DNKN) : Traders are bullish on Dunkin Brands Group (DNKN) as it has outperformed the S&P 500 by a wide margin of 0.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, 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 3.23% in the last 1 week, and is up 1.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 4.6%. Dunkin Brands Group (NASDAQ:DNKN): stock turned positive on Friday. Though the stock opened at $47.05, the bulls momentum made the stock top out at $47.48 level for the day. The stock recorded a low of $46.96 and closed the trading day at $47.3, in the green by 0.25%. The total traded volume for the day was 1,306,970. The stock had closed at $47.18 in the previous days trading.
The company Insiders own 2.9% of Dunkin Brands Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.39% . During last six month period, the net percent change held by insiders has seen a change of -25.93%. Also, Equity Analysts at the Brokerage Firm, CLSA, downgrades their rating on the shares of Dunkin Brands Group (NASDAQ:DNKN). CLSA has a Underperform rating on the shares. Previously, the analysts had a Outperform rating on the shares. 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.