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In a report released today, Brian Bittner from Oppenheimer maintained a Hold rating on Dunkin’ Brands (DNKN). The company’s shares closed last Thursday at $62.84.
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 8.6% and a 65.2% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Cheesecake Factory.
Currently, the analyst consensus on Dunkin’ Brands is a Moderate Buy with an average price target of $63.75, implying a 2.4% upside from current levels. In a report issued on April 24, Wedbush also downgraded the stock to Hold with a $60.00 price target.
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Based on Dunkin’ Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $336 million and net profit of $57.71 million. In comparison, last year the company earned revenue of $320 million and had a net profit of $53.19 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DNKN in relation to earlier this year. Most recently, in February 2020, John Clare, the CIO and Chief Strategy Officer of DNKN sold 17,694 shares for a total of $1,347,752.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The company was founded in 1950 and is headquartered in Canton, MA.
