The Zacks Analyst Blog Highlights:Dunkin Brands Group, Darden Restaurants,
Starbucks, Krispy Kreme Doughnuts and Panera Bread
CHICAGO, Nov. 20, 2012
CHICAGO, Nov. 20, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Dunkin Brands Group, Inc.
(Nasdaq:DNKN), Darden Restaurants, Inc. (NYSE:DRI), Starbucks Corp.
(Nasdaq:SBUX), Krispy Kreme Doughnuts, Inc. (NYSE:KKD) and Panera Bread Co.
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from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday's Analyst Blog:
Dunkin Brands Broadens Reach
Consistent with its goal of doubling its presence in the U.S. over the next 20
years, the operational arm of Dunkin Brands Group, Inc. (Nasdaq:DNKN) –
Dunkin' Donuts – recently inked two multi-store development deals with
existing franchise partners to expand its footprint in Wisconsin and Michigan.
Dunkin' Donuts penned the first deal with Zee Development Group, LLC to open
11 units across Wisconsin's Green Bay and Milwaukee cities. Per the deal, one
restaurant is slated to open in 2014 and the others by 2019. Zee Development
Group currently owns and operates around 400 Dunkin' Donuts units in New York,
Massachusetts, Pennsylvania, New Jersey, Connecticut and Central and Southern
The restaurant industry in Wisconsin acts as a driving force to the U.S.
economy. Milwaukee and Green Bay are among the largest cities in the state and
home to peers of Dunkin' Donuts such asDarden Restaurants, Inc. (NYSE:DRI) and
Starbucks Corp. (Nasdaq:SBUX). As per the National Restaurant Associations,
the restaurant sector in Wisconsin is projected to generate around $7 billion
of total revenues in 2012.
Recently, Dunkin' Donuts opened the first of ten restaurants in Wisconsin's
Appleton city in association with Midwest Mocha LLC. The second restaurant is
slated to open in 2013. As a matter of fact, Dunkin' Donuts has earlier penned
an agreement with the franchisee partner to open ten units in Green Bay,
Appleton and the surrounding areas of northeast Wisconsin.
The second deal is with Sack of Donuts, LLC for 10 units in Grand Rapids city
of Michigan. The first unit will come up in 2013 and the rest by 2018. Last
quarter, Dunkin' Donuts signed its first deal with Sack of Donuts to open
eight restaurants in Michigan and Indiana, with one unit already open in
Michigan's Kalamazoo city. The next two will open in Indiana by early 2013.
Michigan has a promising restaurant industry, with a number of peers of
Dunkin' Donuts in Grand Rapids such as
Krispy Kreme Doughnuts, Inc. (NYSE:KKD) and Panera Bread Co. (Nasdaq:PNRA).
The National Restaurant Associations projects that Michigan's restaurant
industry will generate total revenues of approximately $12.6 billion in 2012.
Management believes that tremendous franchise opportunities still exist in the
Wisconsin market, particularly in LaCrosse and in Michigan mainly in Oceana,
Newaygo and Montcalm counties.
Dunkin' Donuts is focused on its strategy to seize growth opportunities and
cater to consumer needs of individual markets. Thus, the company continues to
expand through development of single and multi-unit opportunities. In order to
be competitive and innovative, Dunkin' Donuts offers services through various
types of real estate restaurant formats including free-standing restaurants,
end caps, in-line sites, gas and convenience, travel plazas, on-university
campus and others.
Dunkin' Donuts is the market leader in the coffee, donut, bagel and muffin
categories. In the third quarter, the company's franchisees and licensees
opened 114 new Dunkin' Donuts restaurants worldwide, including 36 in the
international market and 78 in the U.S. As of September 30, 2012, the company
owned 10,283 Dunkin' Donuts restaurants globally.
We currently have a long-term Neutral recommendation on Dunkin' Brands. Also,
it carries a short-term Zacks #3 Rank (Hold).
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