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News Breaks
October 24, 2013
12:06 EDTSBUX, DNKNDunkin' to offer loyalty program, plans to expand westward WSJ says
Dunkin' Brands (DNKN) is offering a royalty program to compete more heavily with Starbucks (SBUX) in the U.S. as the company expands beyond the Northeast, according to The Wall Street Journal, citing comments from Dunkin' Brands' CEO Nigel Travis in an interview. Reference Link
News For DNKN;SBUX From The Last 14 Days
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April 16, 2015
10:26 EDTSBUX, DNKNBMO Capital upbeat on Starbucks, lukewarm on Dunkin'
BMO Capital initiated coverage of Starbucks (SBUX) with an Outperform rating in a note to investors, citing what it sees as the company's many growth opportunities. The firm was less upbeat on Dunkin' Brands (DNKN), as the firm said that the company faces tougher competition than Starbucks, and advised investors to wait for a more compelling entry point in the stock before buying. WHAT'S NEW: Starbucks' multiple growth opportunities make it somewhat unique among large-cap restaurant stocks, BMO analyst Andrew Streizik contended. The company's U.S. comparative sales have probably bottomed and could begin to reaccelerate, partly due to its innovation, higher food sales, and marketing strength, the analyst believes. Additionally, Starbucks' margin expansion could exceed its long-term guidance, partly due to lower than expected cost of goods and efficiencies from its expansion of food and day parts, according to Streizik. Starbucks could increase the amount of money it returns to shareholders or make accretive acquisitions, given its strong balance sheet, the analyst stated. He set a $56 price target on the stock. Conversely, Streizik said he was worried about the sustainability of Dunkin's U.S. comparative sales, as the company's U.S. comps are two to three times more volatile than those of Starbucks. Dunkin' is more exposed to competition than Starbucks, since Dunkin's drinks are less differentiated than the competition, the analyst stated. Dunkin's need to compete with fast food restaurants, which traditionally offer heavy discounts, makes it more dependent on discounts, added Streizik, who set a $52 price target on the shares. PRICE ACTION: In early trading, Starbucks added 0.2% to $48.25, while Dunkin gained 0.7% to $48.33.
10:00 EDTSBUX, DNKNOn The Fly: Analyst Initiation Summary
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09:35 EDTDNKNDunkin' Donuts announces plan for 10 new restaurants in Minneapolis
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April 15, 2015
17:25 EDTSBUXStarbucks initiated with a Buy at Guggenheim
Target $56.
17:16 EDTDNKNDunkin' Brands initiated with a Buy at Guggenheim
Target $53.
17:16 EDTDNKNDunkin' Brands initiated with a Market Perform at BMO Capital
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16:22 EDTSBUXStarbucks initiated with an Outperform at BMO Capital
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10:00 EDTSBUXOn The Fly: Analyst Initiation Summary
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06:05 EDTSBUXStarbucks initiated with an Outperform at Cowen
Target $56.
April 14, 2015
08:33 EDTSBUX, DNKNGoldman recommends buying Starbucks and Dunkin' Brands into earnings
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April 13, 2015
12:57 EDTDNKNNortheast winter may have impacted Dunkin' Brands sales, Reuters says
Dunkin' Donuts, which is regionally popular in Northeast states like New York and Massachusetts, may have weaker same-store sales this quarter then expected as harsh winter weather may have kept customers home, says Reuters. Nick Setyan, a SVP of equity research at Wedbush Securities in Los Angeles said the record snowfall in the U.S. Northeast this past winter could reduce 1% to 1.6% points off first quarter same-store sales of the company, added Reuters. Reference Link
April 10, 2015
07:12 EDTSBUXPiper's new target for Starbucks suggests 16% upside
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April 9, 2015
10:02 EDTDNKNDunkin' Donuts adds Google Wallet as new mobile payment option
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08:31 EDTSBUXStarbucks split-adjusted price target raised to $54 at Argus
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06:55 EDTDNKNDunkin' Brands added to U.S. Focus List at Credit Suisse
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April 7, 2015
08:05 EDTDNKNDunkin' Brands remains a top pick in sector at Credit Suisse
Credit Suisse said Dunkin' Brands (DNKN) recently announced a deal to expand its presence in at-home coffee through K-Cups. The firm sees a relatively modest benefit of approximately 2% to earnings power, but expects any positive earnings momentum to aid Dunkin's currently discounted valuation. Credit Suisse continues to views Dunkin' as one of the most compelling domestic growth stories in the restaurant sector and remains a top pick with a Buy rating and $56 price target.
06:52 EDTSBUXStarbucks profit raises concerns over tax practices in Europe, WSJ reports
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April 6, 2015
19:19 EDTSBUXStarbucks expands college tuition program, sees investing $250M or more by 2025
Starbucks and Arizona State University announced that Starbucks College Achievement Plan, first introduced in June 2014, will now offer 100% tuition coverage for every eligible U.S. Starbucks partner. Full tuition coverage was previously available to juniors and seniors, but now all eligible part-time or full-time partners can apply for and complete all four years of a bachelor’s degree through ASU’s online degree program. In addition to partners receiving full tuition coverage, the company is offering faster tuition reimbursement - now at the end of each semester. The company will invest up to $250M or more to help at least 25,000 partners graduate by 2025. Over the next three years, Starbucks has also committed to hiring 10,000 “Opportunity Youth,” a population of nearly 6M disconnected youth between the ages of 16 and 24 who are not working or in school. Partners will have no commitment to remain at the company past graduation.
09:06 EDTDNKNDunkin' Brands announces plans for seven new restaurants in Illinois
Dunkin' Donuts announced the signing of multi-unit store development agreements with two existing franchise groups to develop seven restaurants in Illinois over the next several years. Existing franchisees Krishna Patel and Rashimi Patel plan to develop four Dunkin' Donuts locations throughout Champaign. This duo currently operates six Dunkin' Donuts restaurants in Joliet, Romeoville, Plainfield, and Shorewood. Their next restaurant in Decatur is planned to open in Summer 2015, and the remainder by 2019. Existing franchise Asif Rajabali plans to develop three Dunkin' Donuts restaurants that will be located in smaller towns and communities outside Rockford. Rajabali currently owns and operates two Dunkin' Donuts restaurants in Bartlett and Elgin. His next restaurant is planned to open in Winter 2015, and the remainder by 2017.

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