Dunkin’ Brands Group Inc. (NASDAQ: DNKN) had its price target boosted by equities researchers at Citigroup Inc. from $51.00 to $57.00. The company currently has a rating of Buy on the shares. A number of other analysts have commented on the stock recently, and Dunkin’ Brands Group Inc. has earned a consensus one-year price target of $48.81, higher than the opening price of $48.32, a difference of 10.14 percent. Dunkin’ Brands Group Inc. stock has a 52-week high of $50.64.
U.S. stocks finished sharply lower on Tuesday as equities amid a slump in energy shares and continued uncertainty about the Federal Reserve’s plans for monetary policy.
The Dow Jones Industrial Average DJIA, -1.41% closed 258.05 points, or 1.4%, lower at 18,066.89, and was down nearly 300 points at its lowest.
The S&P 500 index SPX, -1.48% gave up 32.02 points, or 1.5%, at 2,127.02.
Meanwhile, the Nasdaq Composite Index COMP, -1.09% fell 56.63 points, or 1.1%, at 5,155.25.
Share prices sometimes get a bounce to the upside when analysts inititate coverage.
Shares of Dunkin’ Brands Group Inc. (NASDAQ: DNKN) opened at $48.32 yesterday and traded in a range between, $47.69 and $48.32, and last traded at $48.15, which represents a change of $ -0.26 over the previous closing price.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) now has a market cap of 4.42B
The stocks average daily volume is 1,571,680 shares out of a total float 86,393,000 and some 850,060 shares crossed the trading desk yesterday, 7 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re considering.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind Dunkin’ Brands Group Inc. (NASDAQ: DNKN) now has a 50-day MA is $47.17 and 200-day MA is $46.20, and it has traded in a 52-week range between $36.44 – 50.64 and today’s last price is -4.92 percent off the 52 week high of $50.64.
Earnings growth is an important factor toresearch when investing in stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.
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