Shares of DineEquity Inc. (NYSE:DIN) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the stock. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $97.60.
Several equities research analysts have recently issued reports on DIN shares. Zacks Investment Research lowered DineEquity from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Standpoint Research started coverage on DineEquity in a research note on Tuesday, August 9th. They set a “buy” rating and a $95.00 price target for the company. Finally, Maxim Group started coverage on DineEquity in a research note on Thursday, September 29th. They set a “buy” rating and a $94.00 price target for the company.
In other DineEquity news, SVP John Jakubek sold 7,500 shares of the firm’s stock in a transaction dated 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 SEC, 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 modified their holdings of the company. Pacad Investment Ltd. bought a new position in shares of DineEquity during the second quarter valued at approximately $153,000. PineBridge Investments L.P. increased its position in shares of DineEquity by 3.2% in the second quarter. PineBridge Investments L.P. now owns 2,102 shares of the company’s stock valued at $178,000 after buying an additional 65 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of DineEquity by 13.4% in the second quarter. Teacher Retirement System of Texas now owns 2,343 shares of the company’s stock valued at $199,000 after buying an additional 277 shares in the last quarter. ProShare Advisors LLC increased its position in shares of DineEquity by 2.2% in the second quarter. ProShare Advisors LLC now owns 2,513 shares of the company’s stock valued at $213,000 after buying an additional 54 shares in the last quarter. Finally, Pacific Global Investment Management CO increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
DineEquity (NYSE:DIN) opened at 78.21 on Thursday. The firm’s 50-day moving average price is $78.63 and its 200 day moving average price is $82.29. DineEquity has a 52 week low of $75.05 and a 52 week high of $98.82. The firm has a market cap of $1.42 billion, a P/E ratio of 14.33 and a beta of 0.78.
DineEquity (NYSE:DIN) last announced its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.59. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The firm earned $160.25 million during the quarter, compared to analyst estimates of $161.76 million. During the same period last year, the firm posted $1.53 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that DineEquity will post $6.03 earnings per share for the current fiscal year.
The business also recently announced 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 annualized dividend and a yield of 4.71%. DineEquity’s dividend payout ratio is currently 67.52%.
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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