Opinions
Gordon Reid
Dunkin' Brands Group
DNKN-Q
COMMENT
Jun 26, 2019
New openings? His research suggests they are doing extremely well. He is not sure about new openings in the West. It is just like the Tim Horton's brand in Canada. Their success is based on their cheap coffee and customer loyalty.
$79.560
Stock price when the opinion was issued
food services
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Tim Hortons (THI-T) or Dunkin’ Brands (DNKN-Q)? This chart shows a lot more stability, but, like Tim Hortons, there is a little bit of pause and usually these pauses get corrected to the upside. If it broke below around $44.50, that would indicate something is wrong. The next support would be around $42. You may want to hedge your bet by taking a half position in both.
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DON'T BUY
They have been a fairly attractive, low price provider of ‘junk’ food. There has been a shift in North America toward more healthy eating and they have not gone that way so he would stay away from it. He sees value in SBUX-Q, with 21k stores in 66 countries with a brand as strong as ever.
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TOP PICK
It is a similar experience to Tim Horton’s. They are primarily a NE company in the US. They are going to try to roll out nationally with a 1000 stores by the end of 2020. He likes the regional to national play. They are also growing internationally. It is a 100% franchise model. He has an $85 target. Yield 2.0%. (Analysts’ price target is $73.75)
food services