What’s Next for Dunkin' Brands Group, Inc. (DNKN) After Forming Bearish Ascending Triangle Chart Pattern?

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

Investors sentiment decreased to 0.85 in 2018 Q2. Its down 0.12, from 0.97 in 2018Q1. It turned negative, as 29 investors sold Dunkin' Brands Group, Inc. shares while 115 reduced holdings. 43 funds opened positions while 79 raised stakes. 80.69 million shares or 0.67% more from 80.16 million shares in 2018Q1 were reported.
Schwab Charles Inv Mngmt Inc stated it has 436,919 shares. Amundi Pioneer Asset Mgmt Inc reported 33,290 shares. Colony Gru Llc holds 64,609 shares or 0.23% of its portfolio. Halsey Associates Ct has 0.85% invested in Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Price T Rowe Associates Md accumulated 0.13% or 12.57 million shares. 3,306 are held by Private Advisor Group Limited Liability. Qs Ltd Liability accumulated 0.05% or 79,343 shares. Anderson Hoagland Communications has invested 0.67% in Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Wellington Group Llp accumulated 0.01% or 608,093 shares. The California-based Aperio Gru Ltd Co has invested 0.01% in Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Metropolitan Life Insurance Ny invested in 0% or 28,218 shares. State Board Of Administration Of Florida Retirement Sys stated it has 0.02% of its portfolio in Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Sit Investment Assoc invested in 0.13% or 74,380 shares. Delta Cap Limited Liability Corporation reported 3,100 shares. Peak6 L P invested 0% in Dunkin' Brands Group, Inc. (NASDAQ:DNKN).

Since August 10, 2018, it had 0 insider buys, and 9 sales for $38.89 million activity. $510,635 worth of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) was sold by Maceda Jason. 298,662 Dunkin' Brands Group, Inc. (NASDAQ:DNKN) shares with value of $21.61M were sold by TRAVIS NIGEL. On Wednesday, October 31 Raskopf Karen sold $953,680 worth of Dunkin' Brands Group, Inc. (NASDAQ:DNKN) or 13,000 shares. Another trade for 1,900 shares valued at $139,232 was made by Jaspon Katherine D. on Wednesday, November 7.

The stock of Dunkin' Brands Group, Inc. (DNKN) formed an ascending triangle with $68.77 target or 5.00 % below today’s $72.39 share price. The 6 months triangle pattern indicates high risk for the $5.98 billion company. If the $68.77 price target is reached, the company will be worth $298.95 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 1.01% or $0.74 during the last trading session, reaching $72.39. About 512,593 shares traded. Dunkin' Brands Group, Inc. (NASDAQ:DNKN) has risen 46.57% since December 6, 2017 and is uptrending. It has outperformed by 30.95% the S&P500.

Analysts await Dunkin' Brands Group, Inc. (NASDAQ:DNKN) to report earnings on February, 5. They expect $0.62 earnings per share, down 3.13 % or $0.02 from last year’s $0.64 per share. DNKN’s profit will be $51.21M for 29.19 P/E if the $0.62 EPS becomes a reality. After $0.83 actual earnings per share reported by Dunkin' Brands Group, Inc. for the previous quarter, Wall Street now forecasts -25.30 % negative EPS growth.

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

Among 15 analysts covering Dunkin Brands Group (NASDAQ:DNKN), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Dunkin Brands Group had 21 analyst reports since June 7, 2018 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Market Perform” on Tuesday, October 16. RBC Capital Markets downgraded Dunkin' Brands Group, Inc. (NASDAQ:DNKN) on Friday, September 14 to “Sector Perform” rating. As per Thursday, July 12, the company rating was maintained by Maxim Group. The stock has “Overweight” rating by Barclays Capital on Tuesday, October 9. The firm earned “Buy” rating on Tuesday, June 19 by Citigroup. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 26. The firm earned “Buy” rating on Tuesday, July 31 by Argus Research. Robert W. Baird maintained the stock with “Outperform” rating in Monday, October 8 report. Jefferies maintained it with “Hold” rating and $70 target in Friday, October 26 report. Citigroup maintained Dunkin' Brands Group, Inc. (NASDAQ:DNKN) on Monday, August 13 with “Buy” rating.

More notable recent Dunkin' Brands Group, Inc. (NASDAQ:DNKN) news were published by: Nasdaq.com which released: “Dunkin’ Brands Group, Inc. (DNKN) Ex-Dividend Date Scheduled for November 23, 2018 – Nasdaq” on November 21, 2018, also Prnewswire.com with their article: “Dunkin’ Further Integrates With Alliance Data’s Epsilon To Modernize Customer Experience – PR Newswire” published on November 08, 2018, Nasdaq.com published: “El Pollo Loco Expands in Texas, Focuses on Menu Innovation – Nasdaq” on November 20, 2018. More interesting news about Dunkin' Brands Group, Inc. (NASDAQ:DNKN) were released by: Bizjournals.com and their article: “Fast-food roundup: Starbucks cuts 350 jobs… KFC’s new item… Chick-fil-A launches nationwide delivery – L.A. Biz” published on November 15, 2018 as well as Nasdaq.com‘s news article titled: “Time to Buy Coca-Cola (KO) Stock Near New All-Time High? – Nasdaq” with publication date: November 12, 2018.

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 $5.98 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 16.12 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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