Jefferies Reiterates Hold on Dunkin' Brands (DNKN) Following 3Q

October 21, 2016 8:15 AM EDT
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Price: $54.18 +1.33%

Rating Summary:
    9 Buy, 23 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Jefferies reiterated a Hold rating and $45.00 price target on Dunkin' Brands (NASDAQ: DNKN) following the company's 3Q earnings report. Adjusted operating margins at 55.4% beat the consensus of ~52.5% on a lower co-owned and gain on sale of co-owned stores. Also, Cold brew was very successful summer launch to drive strong iced beverage sales.

Analyst Andy Barish commented, "EPS beat cons/met our $0.60 est with sl better sss at 2% (in line with "whisper") and lower quality with gains and lower G&A (vs. cons). New unit returns in new markets remain sl disappointing for '15 class at 18-20% and development trending to low-end of range for '16 and possibly '17 as franchisees deal with "uncertainty" in marketplace. We maintain Hold and $45 PT as we assess brand rejuvenation strategies."

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 $49.38 yesterday.



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