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Category: Dunkin' Brands
Date: 14 June 2020 Dunkin' Brands stock price: $64.66 We take a look at the announcement by Dunkin' Brands in which they announced their new Vice President. The Dunkin' Brands group has over 21 000 outlets across the world with revenues topping $1.3 billion in 2019.
Dunkin Brands, the parent company of Dunkin' and Baskin-Robbins, today announced the promotion of Ryan Schaffer to Vice President and Managing Counsel. " |
About Dunkin' Brands
With more than 21,000 points of distribution in more than 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the first quarter 2020, Dunkin' Brands' 100 percent franchised business model included over 13,000 Dunkin' restaurants and more than 8,000 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass. Read more about Dunkin' Brands here
Quick facts about Dunkin' Brands
- Total distribution points of all brands in all countries (as at end December 2019): 21 297
- Dunkin' US had 9 630 distribution points as at end of December 2019
- Dunkin' International operations has 3 507 distribution points in 40 countries
- Total revenue for 2019 fiscal year: $1.370 billion
- Earnings per share for 2019 fiscal year: $2.89
- Cash and equivalents: $707.977 million
- Shares in issue: 83.674 million
Press release by Dunkin' Brands announcing their new Vice President
CANTON, Mass., May 19, 2020 /PRNewswire/ -- Dunkin' Brands, the parent company of Dunkin' and Baskin-Robbins, today announced the promotion of Ryan Schaffer to Vice President and Managing Counsel. Schaffer will lead a team responsible for performing and supporting several critical functions, including corporate governance, SEC reporting and compliance, investor relations, franchise disclosure, privacy and data security, IT, supply chain, and certain market operations. He reports directly to David Mann, Senior Vice President and Chief Legal Officer at Dunkin' Brands.
Schaffer joined Dunkin' Brands more than eight years ago, most recently serving as Senior Director, Legal Counsel & Assistant Corporate Secretary. According to David Mann, "Over his many years with Dunkin' Brands, Ryan has demonstrated his extensive legal expertise and sound judgment in a variety of roles and responsibilities, developing a broad knowledge of our business and our industry, and building strong relationships throughout our company, our Board and our franchisee community. As both Dunkin' and Baskin-Robbins continue their brand transformations, with an increased focus and prioritization on digital assets and marketing, loyalty, and technology, we look forward to Ryan continuing to play a vital role in supporting Dunkin' Brands' worldwide growth."
Prior to Dunkin' Brands, Schaffer was an associate at global law firm Ropes and Gray, advising public and private companies on corporate and securities law matters, including initial public offerings and other public and private offerings of debt and equity securities, mergers and acquisitions, SEC compliance, and corporate governance. His time at the firm included work as the lead associate on Dunkin' Brands' 2011 initial public offering. Schaffer's prior experience also includes time as a consultant with global management consulting firm Bain & Company. Schaffer earned a Bachelor of Arts degree from Harvard College, and a Juris Doctorate from the University of Virginia School of Law.
Schaffer joined Dunkin' Brands more than eight years ago, most recently serving as Senior Director, Legal Counsel & Assistant Corporate Secretary. According to David Mann, "Over his many years with Dunkin' Brands, Ryan has demonstrated his extensive legal expertise and sound judgment in a variety of roles and responsibilities, developing a broad knowledge of our business and our industry, and building strong relationships throughout our company, our Board and our franchisee community. As both Dunkin' and Baskin-Robbins continue their brand transformations, with an increased focus and prioritization on digital assets and marketing, loyalty, and technology, we look forward to Ryan continuing to play a vital role in supporting Dunkin' Brands' worldwide growth."
Prior to Dunkin' Brands, Schaffer was an associate at global law firm Ropes and Gray, advising public and private companies on corporate and securities law matters, including initial public offerings and other public and private offerings of debt and equity securities, mergers and acquisitions, SEC compliance, and corporate governance. His time at the firm included work as the lead associate on Dunkin' Brands' 2011 initial public offering. Schaffer's prior experience also includes time as a consultant with global management consulting firm Bain & Company. Schaffer earned a Bachelor of Arts degree from Harvard College, and a Juris Doctorate from the University of Virginia School of Law.
Our last stock valuation of Dunkin' Brands
So what do we value Dunkin' Brands stock at after the release of their 1st quarter 2020 earnings and the fact that the group withdrew their fiscal guidance for their 2020 fiscal year? Based on Dunkin' Brands earnings report our valuation models provides a target price (full value price) of Dunkin' Brands at $49.60 a stock. We therefore believe that the stock of Dunkin' Brands is overvalued.
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $49.60 therefore we believe a good entry point into Dunkin' Brands stock is at $44.60 or below. We expect the stock of Dunkin' Brands to pull back from current levels to levels closer to our target price (full value price) in coming weeks and moths as we believe it is significantly overvalued at this point in time.
We therefore rate Dunkin' Brands as a sell
We usually suggest that long term and fundamental investors get in at least 10% below our target (full value) price which in this case is $49.60 therefore we believe a good entry point into Dunkin' Brands stock is at $44.60 or below. We expect the stock of Dunkin' Brands to pull back from current levels to levels closer to our target price (full value price) in coming weeks and moths as we believe it is significantly overvalued at this point in time.
We therefore rate Dunkin' Brands as a sell
Next earnings release of Dunkin' Brands
It is expected that Dunkin' Brands will release their 2nd quarter 2020 earnings in late June 2020