ValuEngine upgraded shares of DineEquity (NYSE:DIN) from a hold rating to a buy rating in a research note issued to investors on Friday, December 1st.
Several other research analysts have also recently commented on the company. TheStreet cut DineEquity from a c rating to a d+ rating in a research report on Friday, November 10th. Zacks Investment Research lowered DineEquity from a hold rating to a sell rating in a research note on Monday, November 13th. Maxim Group increased their price objective on DineEquity from $55.00 to $62.00 and gave the stock a buy rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, BidaskClub upgraded DineEquity from a strong sell rating to a sell rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $57.64.
Shares of DineEquity (NYSE DIN) opened at $50.49 on Friday. DineEquity has a 12-month low of $36.71 and a 12-month high of $87.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -6.40. The stock has a market capitalization of $908.22, a P/E ratio of 10.52 and a beta of 0.50.
DineEquity (NYSE:DIN) last posted its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $144.67 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share. equities analysts forecast that DineEquity will post 4.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Friday, December 15th. DineEquity’s dividend payout ratio is presently -17.77%.
In related news, Director Larry Alan Kay sold 778 shares of DineEquity stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total value of $35,118.92. Following the sale, the director now owns 8,513 shares of the company’s stock, valued at approximately $384,276.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.15% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Teachers Advisors LLC increased its holdings in shares of DineEquity by 1.7% during the 1st quarter. Teachers Advisors LLC now owns 29,784 shares of the restaurant operator’s stock worth $1,621,000 after acquiring an additional 494 shares during the last quarter. Geode Capital Management LLC boosted its stake in DineEquity by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 131,458 shares of the restaurant operator’s stock valued at $7,153,000 after purchasing an additional 3,958 shares during the period. Renaissance Technologies LLC bought a new stake in DineEquity in the 1st quarter valued at $1,246,000. Schwab Charles Investment Management Inc. boosted its stake in DineEquity by 8.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 102,422 shares of the restaurant operator’s stock valued at $5,574,000 after purchasing an additional 7,717 shares during the period. Finally, State Street Corp boosted its stake in DineEquity by 10.3% in the 1st quarter. State Street Corp now owns 439,408 shares of the restaurant operator’s stock valued at $23,917,000 after purchasing an additional 40,927 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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