Dunkin' Donuts plans for 26 new restaurants in Fresno and San Francisco Dunkin' Donuts announced the signing of multi-unit store development agreements with two franchise groups for a total commitment of 26 new restaurants in Fresno and San Francisco over the next several years. The two franchise groups and their development plans include: Existing franchisee Aharon Aminpour plans to develop 17 restaurants in Fresno and the surrounding cities including Clovis, Visalia and Tulare. Aminpour currently owns and operates one Dunkin' Donuts restaurant in Encino, and last November signed a development agreement for 10 new restaurants throughout the San Fernando Valley. His next restaurant under this new agreement is planned to open in 2017. New franchise group Shiva Developments, plan to develop nine new restaurants in San Francisco and the surrounding cities. Nick Bhatt currently owns one Dunkin' Donuts restaurant in Springfield, IL. The group's first restaurant in California is planned to open in 2017.
Dunkin' Brands downgraded to Underperform on valuation at CLSA As previously reported, CLSA downgraded Dunkin' Brands to Underperform from Outperform. The firm downgraded shares based on full valuation and maintained its $56 price target on shares.