Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of DineEquity from a sell rating to a hold rating in a research report on Wednesday, August 31st. Standpoint Research assumed coverage on shares of DineEquity in a research report on Tuesday, August 9th. They set a buy rating and a $95.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $97.00.
Shares of DineEquity (NYSE:DIN) traded up 0.56% during mid-day trading on Thursday, reaching $78.60. The company had a trading volume of 26,038 shares. The company’s 50-day moving average price is $77.81 and its 200-day moving average price is $83.63. DineEquity has a 52-week low of $75.05 and a 52-week high of $98.82. The company has a market capitalization of $1.43 billion, a PE ratio of 14.41 and a beta of 0.83.
DineEquity (NYSE:DIN) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.59. The firm had revenue of $160.25 million for the quarter, compared to the consensus estimate of $161.76 million. DineEquity had a net margin of 15.51% and a return on equity of 43.20%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.53 earnings per share. On average, analysts forecast that DineEquity will post $6.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Wednesday, September 14th. DineEquity’s dividend payout ratio (DPR) is 67.52%.
In related news, SVP John Jakubek sold 7,500 shares of the stock in a transaction dated Friday, September 16th. The shares were 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 in the company, valued at $1,109,108.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.55% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DIN. Aperio Group LLC boosted its stake in DineEquity by 1.5% in the first quarter. Aperio Group LLC now owns 4,563 shares of the company’s stock valued at $426,000 after buying an additional 66 shares during the last quarter. Norges Bank bought a new stake in DineEquity during the fourth quarter valued at $11,555,000. RS Investment Management Co. LLC boosted its stake in DineEquity by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 615,643 shares of the company’s stock valued at $52,194,000 after buying an additional 24,255 shares during the last quarter. CIBC World Markets Inc. boosted its stake in DineEquity by 99.5% in the second quarter. CIBC World Markets Inc. now owns 12,945 shares of the company’s stock valued at $1,097,000 after buying an additional 6,456 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in DineEquity by 8.5% in the second quarter. M&T Bank Corp now owns 9,735 shares of the company’s stock valued at $826,000 after buying an additional 763 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
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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