It is trading at $59.07 which is just a bit higher than the 50 day moving average of $54.52 and which is marginally over the 200 day moving average of $54.73. The 50 day moving average was up $4.55 whereas the 200 day average was up by +7.94%. (NASDAQ:DNKN) shares saw heavy trading volume with 3,808K shares changing hands by the end of trading on Tuesday. Trading volume was up 96.05% over the stocks average daily volume.
Traders are feeling more bullish on shares of Dunkin’ Brands Group, Inc. lately as shown by the motion in short interest. The company saw a fall in short interest of -2.87% between September 29, 2017 and October 13, 2017. Short interest fell from 8,220,673 to 7,984,373 over that timeframe. With short interest at 7,984,373 and short average daily volume at 1,450,205, days to cover is 6.0 and the percentage of shorted shares is 0.09% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (DNKN). As of the end of the quarter Aperio Group, LLC had sold a total of 2,746 shares trimming its holdings by 10.3%. The value of the total investment in Dunkin’ Brands Group, Inc. decreased from $1,465,000 to $1,265,000 decreasing 13.7% quarter to quarter. Raymond James Financial Services Advisors, Inc. downsized its position by shedding 1,167 shares a decrease of 4.2% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 26,819 shares with a value of $1,424,000. The total value of its holdings decreased 7.7%.
As of quarter end State Of New Jersey Common Pension Fund D had acquired 240,000 shares growing its stake by 60.0%. The value of the investment in DNKN went from $22,048,000 to $33,971,000 a change of $11,923,000 quarter over quarter. As of the end of the quarter Cornerstone Advisors, Inc. had sold a total of 201 shares trimming its position 27.6%. The value in dollars decreased from $40,000 to $28,000 a change of 30.0% since the last quarter.
On July 28 BMO Capital made no change to the stock rating of “Market Perform” but raised the price expectation to $58.00 from $52.00. On October 27 the company was downgraded to “Underperform” from “Neutral” in a report issued by Mizuho.
The company is down from yesterday’s close of $59.07. Dunkin’ Brands Group, Inc. also recently declared a dividend to be paid on Wednesday the 6th of December 2017. The dividend will be $0.323 per share for the quarter or $1.29 annualized. The dividend yield will be $2.35. The ex-dividend date has been established as Thursday the 24th of August 2017.
The company’s P/E ratio is 25.91 and market cap is 5.33B. In the latest earnings report the EPS was $2.28 and is expected to be $2.42 for the current year with 90,241,000 shares presently outstanding. Next quarter’s EPS is expected be $0.53 with next year’s EPS projected to be $2.66.
Dunkin’ Brands Group, Inc., launched on November 22, 2005, is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. The Company has over 18,000 points of distribution in approximately 60 countries across the world. As of December 31, 2016, the Company had 12,258 Dunkin’ Donuts points of distribution, of which 8,828 were in the United States and 3,430 were international, and 7,822 Baskin-Robbins points of distribution, of which 5,284 were international and 2,538 were in the United States..