First Manhattan Company Increased Dunkin Brands Gr (NASDAQ:DNKN) Stake by $74.58 Million

April 20, 2018 - By Richard Conner

Dunkin' Brands Group, Inc. (NASDAQ:DNKN) LogoInvestors sentiment decreased to 1.13 in Q4 2017. Its down 0.04, from 1.17 in 2017Q3. It dropped, as 45 investors sold DNKN shares while 91 reduced holdings. 59 funds opened positions while 95 raised stakes. 77.82 million shares or 3.17% less from 80.37 million shares in 2017Q3 were reported. 1.16 million are owned by Retail Bank Of New York Mellon Corp. Advsrs Cap Ltd Liability Corporation owns 197,823 shares or 1.01% of their US portfolio. Gideon Capital reported 3,181 shares. Rhumbline Advisers invested 0.03% in Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Parametric Portfolio Lc invested in 0.01% or 116,959 shares. Arizona State Retirement Systems accumulated 65,013 shares. California Public Employees Retirement System holds 0.02% or 184,382 shares. 445,569 were accumulated by Gillespie Robinson Grimm Inc. Pub Employees Retirement Association Of Colorado owns 21,854 shares. Schwab Charles Investment has 405,967 shares. Moreover, Ftb Advsrs Incorporated has 0% invested in Dunkin' Brands Group, Inc. (NASDAQ:DNKN) for 445 shares. National Bank, Texas-based fund reported 400 shares. Barclays Public Ltd Co holds 145,064 shares or 0.01% of its portfolio. 344,000 are owned by Lord Abbett & Ltd Liability. Appleton Ptnrs Inc Ma stated it has 0.04% in Dunkin' Brands Group, Inc. (NASDAQ:DNKN).

Since February 14, 2018, it had 0 buys, and 10 sales for $28.02 million activity. On Thursday, February 22 EMMETT RICHARD J sold $277,110 worth of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) or 4,500 shares. $2.83M worth of stock was sold by Mitchell William M on Wednesday, February 14. $293,693 worth of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) was sold by Murphy Scott on Wednesday, February 21. Clare John L. also sold $830,324 worth of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) on Monday, February 26.

First Manhattan Company increased its stake in Dunkin Brands Gr (NASDAQ:DNKN) by 78.95% based on its latest 2018Q1 regulatory filing with the SEC. First Manhattan Company bought 1.26M shares as the company’s stock declined 8.30% with the market. The hedge fund held 2.87M shares of the consumer services company at the end of 2018Q1, valued at $171.02 million, up from 1.60 million at the end of the previous reported quarter. First Manhattan Company who had been investing in Dunkin Brands Gr for a number of months, seems to be bullish on the $5.04B market cap company. The stock decreased 0.16% or $0.1 during the last trading session, reaching $60.91. About 956,685 shares traded. Dunkin' Brands Group, Inc. (NASDAQ:DNKN) has risen 6.77% since April 20, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

First Manhattan Company, which manages about $20.51 billion and $17.58B US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 336,831 shares to 998,905 shares, valued at $62.14 million in 2018Q1, according to the filing. It also reduced its holding in Match Group Inc () by 279,010 shares in the quarter, leaving it with 328,795 shares, and cut its stake in Berkshire Hathaway (BRKA).

First Manhattan Company is a New York-based hedge fund with more than $20.51 billion AUM in November, 2014. Taken from First Manhattan latest Adv, the fund reported to have 127 full and part-time employees. Among which 40 performing investment advisory and research functions. The hedge fund had more than 6800 clients.

Dunkin' Brands Group, Inc. (NASDAQ:DNKN) Ratings Coverage

Among 16 analysts covering Dunkin’ Brands (NASDAQ:DNKN), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Dunkin’ Brands has $78.0 highest and $54 lowest target. $64.07’s average target is 5.19% above currents $60.91 stock price. Dunkin’ Brands had 26 analyst reports since October 23, 2017 according to SRatingsIntel. Wells Fargo maintained the stock with “Market Perform” rating in Friday, February 9 report. Barclays Capital maintained the shares of DNKN in report on Tuesday, January 16 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, March 26 report. The rating was maintained by Maxim Group with “Buy” on Tuesday, April 17. The rating was maintained by Credit Suisse on Thursday, December 21 with “Buy”. The rating was maintained by Piper Jaffray on Thursday, February 22 with “Hold”. The stock of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) has “Underperform” rating given on Friday, October 27 by Mizuho. The firm has “Hold” rating given on Thursday, October 26 by Cowen & Co. The firm earned “Hold” rating on Monday, February 5 by Stephens. As per Wednesday, April 4, the company rating was maintained by Robert W. Baird.

DunkinÂ’ Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants under the DunkinÂ’ Donuts and Baskin-Robbins brands worldwide. The company has market cap of $5.04 billion. The firm operates through four divisions: DunkinÂ’ Donuts U.S., DunkinÂ’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. It has a 16.03 P/E ratio. The Company’s restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard-serve ice cream, soft serve ice cream, frozen yogurt, shakes, malts, floats, and cakes.

Dunkin' Brands Group, Inc. (NASDAQ:DNKN) Institutional Positions Chart

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