Market Overview

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

Share:
Related DNKN
Are Restaurants Safe From The Amazon Effect?
The Week Ahead For November 13: Conferences, Earnings and IPO Events To Watch
Restaurant sales flat in November (Seeking Alpha)

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.

Latest Ratings for DNKN

DateFirmActionFromTo
Oct 2017BairdMaintainsOutperform
Oct 2017MizuhoDowngradesNeutralUnderperform
Sep 2017JMP SecuritiesMaintainsOutperform

View More Analyst Ratings for DNKN
View the Latest Analyst Ratings

Posted-In: David Palmer RBC Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Related Articles (DNKN)

View Comments and Join the Discussion!

Partner Center