Dunkin Brands Shares Spike Down; Miller Tabak Sees Strong EPS Growth

Courtesy of Benzinga.

On Thursday, analysts at Miller Tabak commented on Dunkin Brands Group Inc (NASDAQ: DNKN) following the company's earnings report. Miller Tabak currently has a Buy rating and $55 price target on shares of Dunkin Brands.

For Q3 2014, Dunkin Brands reported EPS of $0.49 on revenues of $192.6 million.

Stephen Anderson finds that Dunkin was able to post better-than-expected EPS due to a mix of more aggressive buybacks and tighter controls on costs.

"We think a mix of above-peer same-restaurant sales growth, a solid new unit pipeline, a pullback in dairy prices that we think will boost overseas margins, and share buybacks will support EPS growth above long term guidance in the 2015 – 2016 period."

Shares of Dunkin Brands recently traded at $44.25, down 5.4 percent.

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