DineEquity Inc. (DIN) Receives New Coverage from Analysts at Maxim Group
Other analysts have also recently issued reports about the company. Zacks Investment Research raised DineEquity from a sell rating to a hold rating in a research note on Wednesday, August 31st. Standpoint Research began coverage on DineEquity in a research report on Tuesday, August 9th. They set a buy rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $97.00.
DineEquity (NYSE:DIN) opened at 78.97 on Thursday. The company’s 50-day moving average is $78.09 and its 200-day moving average is $83.17. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 14.47 and a beta of 0.78. DineEquity has a 12 month low of $75.05 and a 12 month high of $98.82.
DineEquity (NYSE:DIN) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.59. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The business earned $160.25 million during the quarter, compared to analysts’ expectations of $161.76 million. During the same period in the prior year, the business earned $1.53 EPS. DineEquity’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that DineEquity will post $6.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, September 14th. DineEquity’s payout ratio is presently 67.52%.
In other news, SVP John Jakubek sold 7,500 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.67, for a total value of $575,025.00. Following the completion of the sale, the senior vice president now owns 14,466 shares of the company’s stock, valued at approximately $1,109,108.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.55% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in DineEquity by 60.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the company’s stock valued at $508,000 after buying an additional 2,259 shares during the last quarter. Renaissance Technologies LLC increased its stake in DineEquity by 24.6% in the first quarter. Renaissance Technologies LLC now owns 37,000 shares of the company’s stock valued at $3,457,000 after buying an additional 7,300 shares during the last quarter. Pacific Global Investment Management CO increased its stake in DineEquity by 0.4% in the first quarter. Pacific Global Investment Management CO now owns 2,876 shares of the company’s stock valued at $269,000 after buying an additional 12 shares during the last quarter. Scotia Capital Inc. bought a new stake in DineEquity during the first quarter valued at approximately $630,000. Finally, State Street Corp increased its stake in DineEquity by 0.5% in the first quarter. State Street Corp now owns 340,477 shares of the company’s stock valued at $31,809,000 after buying an additional 1,650 shares during the last quarter. 98.99% of the stock is owned by institutional investors.
DineEquity Company Profile
DineEquity, Inc, together with 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.
Receive News & Ratings for DineEquity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.