Jefferies Group Raises Price Target on Dunkin Brands (DNKN)
Equities research analysts at Jefferies Group (NYSE: JEF) lifted their price target on shares of Dunkin Brands (NASDAQ: DNKN) to $36.00 in a research note issued to investors on Friday.
DNKN has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Dunkin Brands from $27.00 to $31.00 in a research note to investors on Monday, April 16th. They now have an “equal weight” rating on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Dunkin Brands to $33.00 in a research note to investors on Monday, April 16th. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Dunkin Brands in a research note to investors on Monday, February 27th. They set a “buy” rating and a $36.00 price target on the stock.
Dunkin Brands traded down 0.27% on Friday, hitting $32.4437. Dunkin Brands has a 52-week low of $23.24 and a 52-week high of $33.54. The company has a market cap of $3.902 billion and a price-to-earnings ratio of 112.56.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.25 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.23 EPS by $0.02. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Dunkin Brands will post $0.35 EPS next quarter.
Dunkin’ Brands Group, Inc. (Dunkin’ Brands) is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream.