DNKN - Dunkin' Brands holds big gain as Inspire Brands development digested

UBS analyst Dennis Geiger thinks a Dunkin' Brands ([[DNKN]] +15.5%)-Inspire Brands deal could make sense to both companies and stoke some more M&A in the sector. "We wouldn't be surprised to see add'l transactions in the sector in the coming qrtrs/yrs across both QSR & casual dining, given opptys emerging post-COVID, w/ numerous attractive assets digestible by size. We believe buyer interest, avail. capital, a favorable rate environment, & changing sector dynamics could support more deals. Additionally, performance in '20 has demonstrated the resiliency of quality brands & models, to bolster growth. Select brands under pressure or brands w/ strong & complementary growth prospects could be targeted by PE firms & multinationals looking for bolt-ons," he updates.Shares of DNKN traded at a new 52-week high of $104.87 earlier in the session. Earlier: Dunkin' Brands +17% after confirming takeover discussions with Inspire Brands

For further details see:

Dunkin' Brands holds big gain as Inspire Brands development digested