DineEquity Inc. (NYSE:DIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Several other analysts also recently issued reports on the stock. Maxim Group began coverage on shares of DineEquity in a research note on Thursday, September 29th. They issued a “buy” rating and a $94.00 price objective for the company. 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. DineEquity currently has a consensus rating of “Buy” and a consensus target price of $97.00.
DineEquity (NYSE:DIN) opened at 78.26 on Tuesday. 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 14.34 and a beta of 0.78. The company has a 50-day moving average price of $78.17 and a 200 day moving average price of $83.13.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.59. The business earned $160.25 million during 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 firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. Equities research analysts anticipate that DineEquity will post $6.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 4.70%. The ex-dividend date is Wednesday, September 14th. DineEquity’s payout ratio is 67.52%.
In related news, SVP John Jakubek sold 7,500 shares of DineEquity stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $76.67, for a total transaction of $575,025.00. Following the transaction, the senior vice president now directly owns 14,466 shares of the company’s stock, valued at $1,109,108.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.55% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors raised its position in shares of DineEquity by 18.3% in the second quarter. Capital Research Global Investors now owns 1,851,520 shares of the company’s stock valued at $156,972,000 after buying an additional 286,520 shares during the last quarter. Vanguard Group Inc. raised its position in shares of DineEquity by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,397,269 shares of the company’s stock valued at $118,460,000 after buying an additional 40,772 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of DineEquity by 3.6% in the second quarter. BlackRock Fund Advisors now owns 1,091,185 shares of the company’s stock valued at $92,511,000 after buying an additional 37,488 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of DineEquity by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 739,259 shares of the company’s stock valued at $62,674,000 after buying an additional 49,335 shares during the last quarter. Finally, Allianz Asset Management AG raised its position in shares of DineEquity by 1.3% in the second quarter. Allianz Asset Management AG now owns 682,571 shares of the company’s stock valued at $57,868,000 after buying an additional 8,953 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.
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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