Dunkin' Brands Stock On Track For Worst Day Since Its IPO

By Tomi KilgoreMarketWatch Pulse

Dunkin' Brands Group Inc.'s stock is on track to have its worst day since the doughnut and coffee chain went public over four years ago. The stock tumbled $5.16, or 11%, in afternoon trade, after the company provided a disappointing sales growth outlook. The next biggest percentage selloff was when it slid 7.5% on Nov. 1, 2011, after the company released its first quarterly results as a public company; the second-biggest price decline was when the stock slumped $3.17 on Dec. 18, 2014, after the company cut its sales growth outlook. The stock, which is now down 23% from its record close of $56.58 on July 13, 2015, in on track to close at the lowest level since Jan. 9. The stock went public on July 27, 2011, closing its first day at $27.85, or 47% above its $19 initial public offering price.

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