DineEquity, Inc (DIN) Director Larry Alan Kay Sells 778 Shares

DineEquity, Inc (NYSE:DIN) Director Larry Alan Kay sold 778 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the sale, the director now directly owns 8,513 shares in the company, valued at $384,276.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

DineEquity, Inc (NYSE:DIN) traded up $0.05 during midday trading on Friday, hitting $45.20. The stock had a trading volume of 502,795 shares, compared to its average volume of 336,360. The firm has a market cap of $813.43, a price-to-earnings ratio of 9.40 and a beta of 0.53. DineEquity, Inc has a fifty-two week low of $36.71 and a fifty-two week high of $88.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40.

DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The firm had revenue of $144.67 million for the quarter, compared to analyst estimates of $146.92 million. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. DineEquity’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 EPS. equities analysts expect that DineEquity, Inc will post 4.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 8.58%. The ex-dividend date of this dividend is Friday, December 15th. DineEquity’s dividend payout ratio (DPR) is presently -17.73%.

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Several equities analysts have recently weighed in on DIN shares. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, July 24th. TheStreet lowered DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Maxim Group reduced their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.64.

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its position in DineEquity by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $304,000 after acquiring an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in DineEquity by 2.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in DineEquity by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its position in DineEquity by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 12,340 shares of the restaurant operator’s stock worth $544,000 after acquiring an additional 195 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in DineEquity by 2.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock worth $515,000 after acquiring an additional 200 shares in the last quarter. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

DineEquity Company Profile

DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.

Insider Buying and Selling by Quarter for DineEquity (NYSE:DIN)

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