RBC Analyst Reiterates Outperform Rating on Dunkin Brands Group Inc (DNKN)
RBC Capital analyst, David Palmer, weighed in on Dunkin Brands Group Inc (NASDAQ:DNKN) following a revision of his growth estimates for the company.
The analyst reiterates his Outperform rating for DNKN, but slightly reduces his U.S. SSS growth estimate range to 0-1%. The analyst believes this reduction is consistent with slowing industry trends. Despite this, flavored iced coffee has helped to lift the company’s sales. The analyst also affirms that easier comparisons, innovative beverages, and an earlier than expected launch of On-the-Go mobile ordering should help to boost sales acceleration.
The analyst sets a price target of $51.00 for DNKN.
According to TipRanks, Palmer is ranked #146 of 4,055 analysts and maintains a success rate of 71% with an average return of 10.4%.