Dunkin Brands to Hire 25K Workers; Stock Higher on Upgrade
Investing.com
Published Jun 08, 2020 10:48AM ET
By Kim Khan
Investing.com - Dunkin Brands (NASDAQ:DNKN) said Monday it plans to hire 25,000 new employees as the U.S. opens up further.
Shares, up more than 3% in morning trading, also benefited from an upgrade by KeyBanc.
“Now, as more of America opens up, Dunkin' franchisees are seeking to hire up to 25,000 new restaurant employees at Dunkin' locations, from front-counter to restaurant management, creating immediate jobs that offer long-term education benefits and key career skills for people all across the U.S,” the coffee and doughnut chain said in a statement.
Earlier, KeyBanc boosted its rating on the stock to overweight from sector weight.
Dunkin executed well during the pandemic and it should benefit “as key markets reopen and over the medium term with the help of national advertising, value, and digital loyalty,” KeyBanc said.
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