Business

Mass. Movers

Dunkin’ stock barely moves as Calif. push begins

Dunkin’ stock is down nearly 8 percent since Jan. 2.
Associated Press/File 2013
Dunkin’ stock is down nearly 8 percent since Jan. 2.

Canton-based Dunkin’ Brands Group began its big push into California Tuesday — the plan is for 200 stores by 2020 — but Wall Street yawned. Shares of Tim Hortons Inc. surged 8.5 percent, though; Burger King just agreed to buy that coffee-and-doughnut chain for $11.4 billion, heating up the fight for the breakfast crowd. BK aims to turn Hortons into as big a household name here as it is in Canada, its home base. Hortons has more than 4,500 locations, 866 of them in the States.

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