Veteran USA bakery firm Dunkin’ Donuts is planning to open 44 cafes across Poland over the next few years, it has been announced.
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Dunkin’ Donuts will continue its California expansion by building 26 new locations in San Francisco and Fresno, the operator said Monday. The two franchise groups and their development plans include: Existing franchisee Aharon Aminpour plans to develop 17 restaurants in Fresno and the surrounding cities including Clovis, Visalia and Tulare. Mr. Aminpour now owns and operates one Dunkin’ Donuts restaurant in Encino, and last November signed a development agreement for 10 new restaurants throughout the San Fernando Valley. The company expects the new stores to open by 2017. Unlike other quick-service restaurants, Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects their personal tastes and preferences, and that best serves their specific restaurant size and location.
Dunkin Brands Group Inc (NASDAQ:DNKN) is set to announce earnings Thursday, July 23 before the market opens. The 12-month consensus target price for the stock is $54.19, which reflects an downside potential of 2.47% over the current price. 178,438 shares of the company’s stock traded hands.
In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments. It has increased by 6% from the same period of last month. Furthermore, Ems Capital Lp have 3.98% of their U.S. long equity exposure invested in the company for 720,000 shares. With a 10-days average volume of 1.22 million shares, the number of days required to cover the short positions stand at 9.4 days. With macro data pointing to a strong second quarter, we are expecting revenues for the segment at $131.414 million.
Investors brewing over which coffee retailer to buy may get some clarity when both Starbucks (SBUX) and Dunkin’ Brands (DNKN) report quarterly earnings on Thursday. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.04.
The expectation for Starbucks is $0.41 a share, when they post after the bell.
Is this a Buying Opportunity? On a consensus basis this yields to an Overweight rating.
Starbucks is rated an “outperform” by Setyan with its price target set at $64 a share.
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A recent analyst activity consisted of Goldman Sachs downgrading their Buy rating to Neutral on July 9.
