Dunkin' Brands (DNKN) Numbers Cut at Jefferies as Growth Expectations Reset

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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