UBS Boosts Outlook for Dunkin Brands; Unit Development Moving Along (DNKN)
On Tuesday analysts at UBS increased the price target and earning estimates on coffee and doughnut retailer Dunkin Brands Group Inc. (DNKN), citing faster than expected acceleration of unit development.
The analysts backed a “Buy” rating on DNKN and boosted its price target from $36 to $41. That new target suggests a +12% upside to Monday’s closing price of $36.55.
Dunkin Brands shares were down 55 cents, or -1.50%, during morning trading on Monday. The stock is up +30.06% over the past year.
The Bottom Line
Shares of Dunkin Brands (DNKN) have a dividend yield of 1.64% based on last night’s closing price of $36.55.
Dunkin Brands Group Inc (DNKN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.