Wedbush analyst Nick Setyan maintained a Hold rating on Dunkin’ Brands (DNKN) today and set a price target of $106.50. The company’s shares closed last Friday at $106.11, close to its 52-week high of $106.28.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.5% and a 54.0% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
Currently, the analyst consensus on Dunkin’ Brands is a Hold with an average price target of $104.04, representing a -2.0% downside. In a report issued on November 2, Robert W. Baird also downgraded the stock to Hold with a $106.00 price target.
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Based on Dunkin’ Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $287 million and net profit of $36.45 million. In comparison, last year the company earned revenue of $356 million and had a net profit of $72.37 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 August 2020, John Varughese, the SVP Intl. of DNKN sold 5,000 shares for a total of $356,400.
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.
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