We don't have the luxury of going back to the past or accelerating back to the future, but with perfect 20-20 hindsight, we know what is possible. Who would have dreamed this could happen to a fast-food restaurant stock? Well for starters, how about the brilliant visionaries who purchased MCD or Starbucks ( SBUX) back when their stocks debuted on the public markets.
Now we come to Dunkin' Brands ( DNKN), which includes its Dunkin' Donuts franchise. It's the largest coffee and baked goods restaurant in the world, with loyal customers in 31 countries.Anyone who's enjoyed its hot beverages and array of quality baked good senses that it is in a league of its own and that this is a success story still in the making. Its Baskin-Robbins ice cream store phenomenon is also the largest and one of the most loved chains of ice cream specialty stores in the world. At the end of 2011, Dunkin' Brands' nearly 100% franchised business model included more than 10,000 Dunkin' Donuts restaurants and more than 6,700 Baskin-Robbins restaurants. For the full-year 2011, the company had system-wide sales of approximately $8.4 billion. Headquartered in Canton, Mass., what makes Dunkin' Brands Group so unique? For one thing, it puts a strong emphasis on nutrition and actually has a Nutrition Advisory Board. According to
The filing stated, "On June 22, 2012, Andrew Balson, Anita Balaji and Todd Abbrecht each resigned from the Board of Directors (the "Board") of Dunkin' Brands Group, Inc. (the "Company"), including from their respective memberships on the committees of the Board. The resignations were not the result of any disagreement with the Company on any matter.
"Each of Mr. Balson, Ms. Balaji and Mr. Abbrecht was originally appointed to the Board pursuant to an investor agreement between the Company and each of Bain Capital Partners, LLC, The Carlyle Group and Thomas H. Lee Partners, L.P. (collectively, the "Sponsors") entered into in 2006 and amended and restated in connection with the Company's IPO in July 2011."Given the reduced ownership level of each Sponsor since our IPO, the Sponsors and the Board agreed that it was in the best interests of the Company to reposition the Board and maintain one representative of each Sponsor on the Board rather than two. "The Board accepted the resignations of Mr. Abbrecht, Ms. Balaji and Mr. Balson and intends to reduce the size of the Board to 8 members." In fact, 31% of the outstanding shares of DNKN are held by insiders and 5% owners. Total insider shares held over the past six months was reduced by 58.5% to 37.62 million shares. Institutions increased their ownership from the prior quarter to the latest quarter by 27.44%, to a total of 67%, according to data made available through Yahoo! Finance. The top two institutional investors are FMR LLC (Fidelity Investments)
The chart below gives the less than 1-year historical view of the movement of DNKN stock.
Perhaps CMG had the same financial features in its first year of being a publicly traded company. The