Dunkin’ Donuts plans for 26 new restaurants in Fresno and San Francisco. Grant Benson, CFE, vice president of global franchising and business development, Dunkin’ Brands said, “With the addition of these enthusiastic and dedicated franchisees, we’re proud to announce 26 new restaurants in the Golden state, which brings our current development commitments to more than 275 total restaurants in California”. Mr. Aminpour now owns and operates one Dunkin’ Donuts restaurant in Encino, and last November signed a development agreement for 10 new restaurants throughout the San Fernando Valley. The first is planning to open in 2017.
Dunkin’ Donuts announced today it will be bringing nine more venues to the San Francisco Bay Area.
Since September 2014, Dunkin’ Donuts has opened ten stores in California and now operates locations in Modesto, Downey, Encino, Laguna Hills, Long Beach, Los Angeles, Santa Ana, Santa Monica, Upland and Whittier.
Dunkin’ Brands Group Inc (NASDAQ:DNKN) stock is now trading 3.19% below its 52-week-high, 35.75% above its 52-week-low. Dunkin Brands Group has a 52 week low of $40.50 and a 52 week high of $56.79. (NASDAQ:DNKN): 16 Analyst have given the stock of Dunkin Brands Group, Inc.
As many as 20 brokerage firms have rated Dunkin Brands Group Inc (NASDAQ:DNKN) at 2. The company has a market cap of $5.29 billion and a price-to-earnings ratio of 32.32.
Shares of Dunkin Brands Group (NASDAQ:DNKN) opened at 54.98 on Monday. Dunkin Brands Group shares have risen 23.27% over the past 200 days, while the Standard & Poor’s 500 index has increased 7.83% over the same time period.
In other Dunkin Brands Group news, CEO Nigel Travis sold 20,000 shares of Dunkin Brands Group stock in a transaction that occurred on Monday, June 1st. Dunkin’ Brands Group Inc (DNKN) reported last quarter earnings on April 23. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company had revenue of $185.90 million for the quarter, compared to the consensus estimate of $180.78 million.
Is this a Buying Opportunity? Analysts at Barclays reiterated an “overweight” rating and set a $59.00 price target on shares of Dunkin Brands Group in a research note on Tuesday, July 14th. The higher price target estimate is at $62 while the lower price estimates are fixed at $49. Analysts at Goldman Sachs downgraded shares of Dunkin Brands Group from a “buy” rating to a “neutral” rating and set a $55.00 price target on the stock in a research note on Thursday, July 9th. This corresponds to a 0.04% upside from the last closing price. The New York-based fund Tremblant Capital Group disclosed it had acquired a stake worth about 3.53% of the fund’s stock portfolio in Dunkin Brands Group. Year-to-Date the stock performance stands at 31.65%.