Weakness Seen in Dunkin' Brands (DNKN): Stock Falls 6%
Dunkin' Brands Group, Inc. (DNKN) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $43.70–$46.79 in the past one-month time frame, showed a sharp decline yesterday at $44.00.
Dunkin' Brands has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, 1 decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
Dunkin' Brands currently has a Zacks Rank #3 (Hold).
Investors interested in the retail restaurants industry may consider better-ranked stocks like Carrols Restaurant Group, Inc. (TAST), Jack in the Box Inc. (JACK) and Ruby Tuesday, Inc. (RT). All these stocks carry a Zacks Rank #1 (Strong Buy).
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