Jefferies Positive on Dunkin' Brands (DNKN) After Meeting with CFO; Attractive Model with Mid-Teens EPS Growth or Better

June 11, 2012 9:05 AM EDT
Get Alerts DNKN Hot Sheet
Price: $51.84 --0%

Rating Summary:
    9 Buy, 23 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies maintains a 'Buy' on Dunkin' Brands (NASDAQ: DNKN) price target of $36.00.

Analyst, Andy Barish, said, "We spent time visiting clients last week with DNKN CFO (and now newly named Chief Global Strategy Officer) Neil Moses and Director of IR, Stacey Caravella. Although the stock trades at a premium to other QSRs and more in line with specialty coffee companies, we find this franchise model attractive for its predictability and growth opportunity during these uncertain times."

"We suspect DNKN would consider a buyback of stock directly from financial sponsors (who still own ~30% collectively); this share count reduction would drive accretion & EPS gains. We continue to like this defensive story and remain buyers, particularly on any dips."

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 $33.18 yesterday.

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