Though there seems to be a Starbucks on every corner, Dunkin' Brands still has ample room to increase its footprint, both domestically and overseas. And with strong growth likely to continue, one analyst is starting coverage on the stock at buy.
"Among mid-cap growth investors, there are very few growth opportunities out there right now," Lazard Capital Markets analyst Matthew DiFrisco told CNBC on Tuesday. And Dunkin' has "very strong" top-line growth, expansion openings and same-store sales.
DiFrisco sees a chance for Dunkin' to more than double its its U.S. stores, to 15,000, particularly in the middle of the country and in the West.