In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Dunkin’ Brands (DNKN), with a price target of $79. The company’s shares closed yesterday at $73.55.
Anderson wrote:
“Dunkin’ Brands (DNKN) announced 1Q19 (March) pro forma EPS of $0.67, which beat our $0.63 estimate and the $0.62 Street mean. A lower-than- expected tax rate added $0.01 to EPS. The conference call is today at 8am ET.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.9% and a 68.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Dunkin’ Brands has an analyst consensus of Hold, with a price target consensus of $73, which is a -0.7% downside from current levels. In a report issued on April 17, Wedbush also maintained a Hold rating on the stock with a $74 price target.
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The company has a one-year high of $77.36 and a one-year low of $61.69. Currently, Dunkin’ Brands has an average volume of 726.8K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, John Clare, the CIO and Chief Strategy Officer of DNKN sold 17,129 shares for a total of $1,181,901.
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Dunkin’ Brands Group, Inc. operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin’ U.S., Dunkin’ International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
