Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Dunkin Brands Group Inc (NASDAQ:DNKN) is likely to benefit from its innovation and tempered expectations concerning the risk of a further slowdown at its U.S. unit, according to an analyst at William Blair.
The Analyst
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
William Blair analyst Sharon Zackfia upgraded Dunkin Brands from Market Perform to Outperform.
The Thesis
The innovation at the company accelerated to the extent that Dunkin Brands could post upside to William Blair's estimate in 2018, Zackfia said in a Monday note.
Dunkin U.S. is expected to benefit from tax savings for franchisees and the new prototype, tempering the risk at the unit, the analyst said. The units in California are likely to fare better than investors' expectations, bolstering geographical portability of the model.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
"We also applaud the company's discipline on G&A, as evidenced by plans to decrease G&A spending by 5% this year, which adds greater visibility to EPS growth on an already-high-visibility franchised business model," Zackfia said.
For the fourth quarter, William Blair expects generally in-line results on both comps and earnings. The firm also said the 2018 numbers could go up due to potential tax benefits and G&A discipline, offsetting the penalty associated with new revenue recognition standards for franchise fees.
The company is scheduled to release its fourth quarter results before the market open on Feb. 7.
The Price Action
Dunkin Brands shares are up about 27 percent over the past year.
Related Links:
4 Reasons Restaurant Brands Is An Attractive Pick Now
Are Restaurants Safe From The Amazon Effect?
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.