DineEquity Inc. (DIN) Lifted to Hold at Zacks Investment Research
According to Zacks, “IHOP Corp. develops, franchises and operates International House of Pancakes restaurants. IHOP restaurants feature moderately-priced, high-quality food and beverage items, and table service in an attractive and comfortable atmosphere. Although IHOP restaurants are best known for their award-winning pancakes, omelets and other breakfast specialties, IHOP restaurants are open throughout the day and evening hours and offer a broad array of lunch, dinner and snack items as well. “
A number of other research firms have also commented on DIN. Standpoint Research started coverage on DineEquity in a research report on Tuesday, August 9th. They issued a buy rating and a $95.00 price target for the company. Maxim Group started coverage on DineEquity in a research report on Thursday, September 29th. They issued a buy rating and a $94.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $97.00.
Shares of DineEquity (NYSE:DIN) opened at 78.37 on Tuesday. DineEquity has a 12-month low of $75.05 and a 12-month high of $98.82. The stock’s 50 day moving average price is $78.30 and its 200-day moving average price is $82.99. The firm has a market cap of $1.43 billion, a P/E ratio of 14.36 and a beta of 0.78.
DineEquity (NYSE:DIN) last issued its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share 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 company had revenue of $160.25 million for the quarter, compared to analyst estimates of $161.76 million. During the same period in the prior year, the firm earned $1.53 earnings per share. DineEquity’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts predict that DineEquity will post $6.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 16th were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $3.68 dividend on an annualized basis and a yield of 4.70%. DineEquity’s dividend payout ratio (DPR) is presently 67.52%.
In other DineEquity news, SVP John Jakubek sold 7,500 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 14,466 shares in the company, valued at approximately $1,109,108.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.55% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DIN. Nisa Investment Advisors LLC increased its position in shares of DineEquity by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 38,100 shares of the company’s stock worth $3,230,000 after buying an additional 4,000 shares during the period. Capstone Asset Management Co. increased its position in DineEquity by 6.3% in the second quarter. Capstone Asset Management Co. now owns 6,083 shares of the company’s stock valued at $516,000 after buying an additional 360 shares during the last quarter. BNP Paribas Arbitrage SA increased its position 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. Pacific Global Investment Management CO increased its position 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. Finally, Scotia Capital Inc. purchased a new position in DineEquity during the first quarter valued at $630,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
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.
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