A statement released earlier today by Maxim Group about Dunkin Brands (NASDAQ:DNKN) bumps the target price to $57.00
- Updated: September 26, 2016
Just yesterday Dunkin Brands (NASDAQ:DNKN) traded 1.06% higher at $50.64. The company’s 50-day average is $48.38 and its two hundred day average is $46.45. With the last stock price close up 9.01% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 1,835,159 shares of DNKN traded hands, up from an average trading volume of 1,434,270
Maxim Group raised the target price of Dunkin Brands (NASDAQ:DNKN) to $57.00 indicating a potential upside of 0.13%.
Previously on 9/20/2016, Credit Suisse reported about Dunkin Brands (NASDAQ:DNKN) raised the target price from $51.00 to $52.00. At the time, this indicated a possible upside of 0.09%.
Recent Performance Chart
Dunkin Brands has 52 week low of $36.44 and a 52 week high of $50.70 with a P/E ratio of 38.48 and has a market cap of $0.
In addition to Maxim Group reporting its target price, a total of 22 brokers have issued a report on the stock. The consensus target price is $48.82 with 2 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 17 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Dunkin Brands (NASDAQ:DNKN)
Dunkin' Brands Group, Inc. is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin' Donuts and Baskin-Robbins brands. The Company operates its business through four segments, which include Dunkin' Donuts-U.S., Dunkin' Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. Dunkin' Donuts serves in the hot regular/decaf/flavored coffee category and the iced regular/decaf/flavored coffee category. The Company has over 18,000 points of distribution in approximately 60 countries across the world. It has over 11,750 Dunkin' Donuts points of distribution, of which approximately 8,430 are in the United States and over 3,320 are international, and approximately 7,610 Baskin-Robbins points of distribution, of which over 5,104 are international and approximately 2,500 are in the United States.
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