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UPDATE: RBC Capital Markets Initiates Coverage on Dunkin' Brands on Multiple Positive Factors

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November 8, 2013 10:42 am
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In a report published Friday, RBC Capital Markets analyst David Palmer initiated coverage on Dunkin’ Brands Group (NASDAQ: DNKN) with an Outperform rating and $57.00 price target.

In the report, RBC Capital Markets noted, “We believe the launch of digital loyalty in 1Q14, together with ongoing strong unit growth, should lead to accelerating revenue growth from the high margin Dunkin US business in 2014. This should result in high teens near-term EPS growth and mid-teens EPS growth longer-term. Additional near-term upside can come from a step up in stock repurchase or a higher dividend payout.”

Dunkin’ Brands Group closed on Thursday at $47.22.

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