Maxim Group analyst Stephen Anderson maintained a Buy rating on Dunkin’ Brands (NASDAQ: DNKN) today and set a price target of $77. The company’s shares opened today at $71, close to its 52-week high of $71.28.
“We maintain our Buy rating on Dunkin’ Brands (DNKN) and raise our price target to $77, from $71, following this morning’s announcement that current Dunkin’ U.S. President David Hoffmann will replace current CEO Nigel Travis, effectively immediately.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 14.0% and a 74.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dunkin’ Brands with a $70.80 average price target.
Dunkin’ Brands’ market cap is currently $5.87B and has a P/E ratio of 18.34. The company has a Price to Book ratio of -6.83.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Scott Murphy, the COO, DD US of DNKN sold 12,000 shares for a total of $769,680.
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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’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. The company was founded on November 22, 2005 and is headquartered in Canton, MA.