JPMorgan Chase Boosts Price Target on Dunkin Brands (DNKN)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM) upped their price target on shares of Dunkin Brands (NASDAQ: DNKN) from $32.00 to $33.00 in a research note issued on Wednesday.

DNKN has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Dunkin Brands to $36.00 in a research note to investors on Friday, April 27th. Separately, 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. Finally, 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.

Shares of Dunkin Brands traded up 1.15% during mid-day trading on Wednesday, hitting $32.65. 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 $3.851 billion and a P/E ratio of 61.84.

Dunkin Brands last announced its earnings results on Thursday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Dunkin Brands will post $0.35 earnings per share 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.

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