Sold 3/4 of position at $36.75. I think there's a pretty good chance we could see a pullback to around $33. And besides, I don't like holding through an earnings report. It's too unpredictable. Even a good earnings report can see a stock get whacked pretty good.
Quick service restaurant operator Dunkin Brands Group Inc (DNKN) saw its rating at Miller Tabak rise on Wednesday as the analysts are expecting DNKN to see higher sales in the upcoming quarters.
The analysts upgraded Dunkin Brands from “Hold” to “Buy” and see shares reaching $38. The price target is about a +16% upside to Tuesday’s closing price of $32.82.
Dunkin Brands shares were flat in premarket trading on Wednesday. The stock is up +31.39% year-to-date.
The Bottom Line
Shares of Dunkin Brands (DNKN) have a 1.83% dividend yield, based on last night’s closing stock price of $32.88. The stock has technical support in the $28-$30 price area. The stock is trading near the all-time high levels of $35-$37 a share.