Dunkin’ Brands Group Inc. (NASDAQ: DNKN) had its price target raised by equities researchers at Credit Suisse Group AG from $51.00 to $52.00.With a rating of Outperform on the shares, the company has a 52-week high of $50.64. A number of other analysts have commented on the stock recently, and Dunkin’ Brands Group Inc. has secured a consensus one-year price target of $48.30, a decrease compared to the opening price of $49.18, a difference of 9.98 percent.
U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.
The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.
The blue-chip gauge had been up by as much as 131 points earlier and traded within a 162-point range.
The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range
Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.
Earlier, the index had been up by as many as 37 points and traded with a 58-point range
Yesterday Dunkin’ Brands Group Inc. (NASDAQ: DNKN) shares last traded at $48.40, which represents a spike of $0.69 compared to the previous closing price. Opening at $49.18, they ranged from $48.26 and $49.18 throughout the day.
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) now has a market cap of 4.44B.
The stock’s average daily volume is 1,505,890 shares out of a total float 86,393,000 and some 278,638 shares crossed the trading desk yesterday, 43 percent below normal. Trading volume is likely to increase in the next few days as momentum traders often use swings in trading volume to identify large volume growth or dissemination by institutional investors.
However, one day of high volume buy side trading is not enough to affirm a trend. As such, market traders will continue to watch for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these retain teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re researching.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for Dunkin’ Brands Group Inc. (NASDAQ: DNKN) have ranged from $36.44 – 50.64, and the stock now has a 50-day MA of $47.71 and 200-day MA of $46.35. Today’s last price is 0.04% under the 52 week high of $50.64.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have raised their earnings by at least 25% over a 3 year period.
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