Dunkin' Brands (DNKN) Sell-Off Creates Buying Chance - Jefferies

Jefferies analyst Andy Barish lowered estimates and his price target on Dunkin' Brands (NASDAQ: DNKN) to $50.00 (from $54.00) but maintained a Buy rating saying the sell-off post Q2 creates a buying opportunity.

Barish comments, "$0.47 EPS in line despite DD US 1.8% SSS miss (cons 3.3%) given macro & competitive pressures. Menu innovation & smart discounting should help 2H but FY SSS guide lowered to 2-3% and with weak sales overseas, FY EPS to $1.73-1.77. However, development remains well on track, which should prevent significant multiple compression. Our ‘14/15 EPS to $1.75/2.00 (was $1.80/2.07). PT to $50 (was $54), and we see an opportunity for entry on the current dip."

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 $42.02 yesterday.

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