Tuesday December 15, 2020, 00:00:00
With this report, we drop coverage of Dunkin’ Brands Group (former ticker symbol DNKN) as its acquisition by privately-held Inspire Brands closed earlier today. Our former rating, EPS estimates, same-store sales forecasts, and other projections/ opinions should no longer be relied upon. (We drop all of our prior EPS estimates and target price with this report.)
Thursday October 29, 2020, 00:00:00
Earlier today, Dunkin’ Brands Group (DNKN; Neutral, $100.73) reported adjusted Q3 EPS of $0.93, ahead of our $0.81 forecast and sell-side consensus (according to Consensus Metrix) of $0.80. Helping to drive the beat were: (1) Occupancy Expenses for Franchised Restaurants/Franchise Fees and Royalty Income (5.2% actual vs. our 6.1% estimate), and (2) Depreciation & Other/Total Revenues (1.4% actual vs. our 1.6% estimate). The 24.2% adjusted tax rate was also more favorable than our 26.2% estimate, helping Q3 adjusted EPS by about +2 cents.
Sunday October 25, 2020, 00:00:00
Multiple media reports suggest that Dunkin’ Brands Group (DNKN; Neutral, $88.79) could be acquired by privately-held Inspire Brands, with an announcement possible as soon as tomorrow (Monday) morning. Expect DNKN shares to open in Monday’s regular trading session at roughly +20% higher than Friday’s closing price of $88.79.
Thursday December 19, 2024
Thursday December 12, 2024
Thursday December 19, 2024
Thursday December 12, 2024