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.

Advertisement

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.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.