DNKN DATA-DRIVEN CHECKS LEAD TO RATINGS CHANGE…
By Mark Kalinowski
Published on January 23, 2019 at 12:00 AM
Based on our data-driven checks, we upgrade the shares of Dunkin’ Brands Group (DNKN) from Neutral to Buy. Our checks regarding the fourth quarter lead us to raise our Q4E same-store sales forecast for the core Dunkin’ U.S. business by 60 basis points, to +2.1%, which according to Consensus Metrix data becomes the new sellside high. Sell-side consensus is at +1.4% as of this writing.