Dunkin' Brands (DNKN) Numbers Cut at Jefferies as Growth Expectations Reset
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Rating Summary:
10 Buy, 31 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Jefferies analyst Andy Barish lowered estimates and his price target on Hold-rated Dunkin' Brands (NASDAQ: DNKN) to $42.00 (from $47.00) after 2015 growth expectations were reset.
Barish commented, "While low gas prices have driven optimism in 4Q, it’s clear not all restaurants are participating in the broader growth. DNKN pre-announced ‘14 SSS will miss expectations, and intro’d below-trend, below-consensus EPS guide for ’15 ($1.88-1.91 vs cons $2.02). We suspect domestic competition remains fierce and would expect Western development to be the primary driver of the stock going forward. Our ‘14/15 EPS to $1.76/1.90 (was $1.77/2.00)."
For an analyst ratings summary and ratings history on Dunkin' Brands click here. For more ratings news on Dunkin' Brands click here.
Shares of Dunkin' Brands closed at $43.05 yesterday.
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