UBS Starts Dunkin' Brands (DNKN) at Buy

UBS initiates coverage on Dunkin' Brands (NASDAQ: DNKN) with a Buy. PT $36.00.

The firm comments, "We believe Dunkin Brands stock (DNKN) offers significant upside as its business offers a unique combination of consistent, sustainable 10%+ EPS growth with the high free cash flow (FCF) conversion of a near-100% franchised business. Over time, we believe Dunkin can increase its dividend payout ratio to point out its near-100% FCF conversion, which could lead to a P/E multiple in the high-20s."

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 $30.49 yesterday.

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