Dunkin' Brands Group, Inc. (DNKN) 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 its business through four segments, which include Dunkin' Donuts-U.S., Dunkin' Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. Dunkin' Donuts serves in the hot regular/decaf/flavored coffee category and the iced regular/decaf/flavored coffee category. The Company has over 18,000 points of distribution in approximately 60 countries across the world. It has over 11,750 Dunkin' Donuts points of distribution, of which approximately 8,430 are in the United States and over 3,320 are international, and approximately 7,610 Baskin-Robbins points of distribution, of which over 5,104 are international and approximately 2,500 are in the United States.
Reported before open today (7/21/16) Earnings: EPS $0.57 Revenue $216.3M Estimates: EPS $0.56 Revenue $219.89M Down 3.34% pre-market so far
Analyst Upgrade/Downgrade Update Brokerage firm: RBC Capital Mkts Change: Downgrade Previous Rating: Outperform Current Rating: Sector perform Previous Price Target: $54 Current Price Target: $51
Upcoming dividend information: Ex-Div-Date: 11/17/16 Payment Date: 11/30/16 Dividend: $0.30 Current Price: $48.85 Annual Yield: 2.46%
Hearing JAB Holding Co. is in early stage discussions to acquire Dunkin’ Brands Group for about $6 billion or $67/share.
Shares of Dunkin’ Brands ($DNKN) may move to the downside after Goldman Sachs downgraded its rating on the company’s stock to Sell from Neutral.
$DNKN possible follow thru down from yesterday - will enter the gap here shortly with a buck and half to fill
