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Fly News Breaks for February 14, 2019
DNKN
Feb 14, 2019 | 07:28 EDT
Argus analyst John Staszak downgraded Dunkin' Brands to Hold, citing the management's plans to add fewer stores going forward and the company's prospects for low-single digit same-store sales growth. The analyst further notes that Dunkin' Brands' Q4 results were "mixed", lowering his FY19 EPS view to $3.02 from $3.08. Over the longer-term horizon, Staszak remains positive on the shares given the company's "strong franchise program, established brands, digital sales initiatives, and opportunities to expand into new sales channels and geographic regions."
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