DineEquity, Inc (NYSE:DIN) has been given a consensus rating of “Buy” by the twelve brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $67.80.
Several equities research analysts recently commented on the company. Vetr cut DineEquity from a “buy” rating to a “hold” rating and set a $58.82 target price for the company. in a research note on Wednesday, April 26th. Maxim Group reaffirmed a “buy” rating and set a $77.00 target price on shares of DineEquity in a research note on Friday, April 28th. Nomura reissued a “hold” rating and issued a $55.00 price objective on shares of DineEquity in a research note on Monday, April 17th. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Instinet raised their target price on DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, May 4th.
Shares of DineEquity (NYSE:DIN) opened at 43.01 on Tuesday. The firm has a market capitalization of $773.32 million, a PE ratio of 9.04 and a beta of 0.41. The firm’s 50 day moving average is $46.46 and its 200-day moving average is $58.98. DineEquity has a one year low of $42.01 and a one year high of $88.00.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. The company had revenue of $156.17 million during the quarter, compared to analysts’ expectations of $158.77 million. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. On average, equities research analysts predict that DineEquity will post $4.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 19th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 8.92%. The ex-dividend date was Thursday, June 15th. DineEquity’s dividend payout ratio (DPR) is currently 81.68%.
In other DineEquity news, Director Stephen P. Joyce bought 2,265 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the purchase, the director now owns 5,488 shares in the company, valued at approximately $241,856.16. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Darren M. Rebelez purchased 3,775 shares of the stock in a transaction dated Monday, May 8th. The shares were purchased at an average cost of $51.68 per share, for a total transaction of $195,092.00. Following the completion of the acquisition, the insider now directly owns 32,824 shares in the company, valued at $1,696,344.32. The disclosure for this purchase can be found here. Insiders own 2.15% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DIN. Glen Harbor Capital Management LLC raised its stake in shares of DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of DineEquity during the first quarter worth about $147,000. Russell Investments Group Ltd. raised its stake in shares of DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in shares of DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock worth $213,000 after buying an additional 205 shares during the last quarter. 88.28% of the stock is currently owned by institutional investors.
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DineEquity, Inc, through 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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