Dunkin’ Donuts to shut 100 USA stores, shares tumble

Williams Capital upped their target price on Dunkin Brands Group from $55.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, July 29th.

The company is holding its investor day. The stock has an average rating of Hold and an average target price of $56.12.

Dunkin Brands Group (NASDAQ:DNKN) traded down 10.84% on Friday, reaching $43.69. 6,550,472 shares of the stock were exchanged.

Twohig added that the company and its many franchisees are also “anxious” about minimum wage hikes that are set to go into effect across the country. Dunkin Brands Group Inc has a 52 week low of $41.55 and a 52 week high of $56.79.

Customer traffic slipped 0.7 percent in the third quarter. During the same period in the previous year, the firm posted $0.47 earnings per share. Analysts also expect revenue to rise about 8 per cent to $808.1 million. It has rallied almost 3% year-to-date. Analysts forecast that Dunkin Brands Group Inc will post $1.92 earnings per share for the current year. Stockholders of record on Monday, August 24th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.16%.

Taking a look at earnings, Dunkin’ Brands Group, Inc. last reported quarterly results for the period ending on 2014-12-31 of $0.5.

Dunkin’ Brands Group Inc’s comparable sales growth slowed at its U.S. Dunkin’ Donuts restaurants in the third quarter and the company said 100 U.S outlets would be closed.

For the full fiscal year, the company anticipated same-store-sales growth of 1% to 3% at both Dunkin’ Donuts and Baskin-Robbins.

10/01/2015- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the US stock market about the small and penny stocks, issues news alert on Dunkin Brands Group Inc(NASDAQ:DNKN), Bellerophon Therapeutics Inc(NASDAQ:BLPH), Peabody Energy Corp. The Company operates in four segments: Dunkin’ Donuts US, Dunkin’ Donuts global, Baskin-Robbins worldwide and Baskin-Robbins United States.