A key reason for this move has been the positive trend in the earnings estimate revisions picture. For DNKN’s full year estimate, we have seen 13 estimates move higher in the past 30 days, compared to just 1 moving lower. This trend has helped the consensus estimate to trend higher, going from $1.78 per share a month ago to its current level at $1.82.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, DNKN has seen some pretty solid trading lately, as the company has moved higher by almost 10.0% in the past month.
If Dunkin' Brands can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put DNKN on your watch list for the future.
Other top-ranked stocks worth considering in the industry include Famous Dave's of America Inc. (DAVE), Jack in the Box Inc. (JACK) and Brinker International, Inc. (EAT). While Famous Dave's and Jack sport a Zacks Rank #1 (Strong Buy), Brinker International holds a Zacks Rank #2 (Buy).
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