DineEquity Inc. (DIN) Now Covered by Analysts at Maxim Group
A number of other brokerages also recently commented on DIN. Zacks Investment Research raised DineEquity from a hold rating to a buy rating and set a $94.00 price objective for the company in a research report on Tuesday, July 5th. Standpoint Research started coverage on DineEquity in a report on Tuesday, August 9th. They issued 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 issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $97.00.
DineEquity (NYSE:DIN) traded up 0.56% on Thursday, hitting $78.60. The stock had a trading volume of 26,038 shares. The company’s 50 day moving average is $77.81 and its 200 day moving average is $83.63. DineEquity has a 12-month low of $75.05 and a 12-month high of $98.82. The firm has a market cap of $1.43 billion, a PE ratio of 14.41 and a beta of 0.83.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, meeting the Zacks’ 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 return on equity of 43.20% and a net margin of 15.51%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. On average, equities research analysts expect that DineEquity will post $6.01 EPS for the current fiscal year.
The company 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 $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, September 14th. DineEquity’s dividend payout ratio is currently 67.52%.
In related news, SVP John Jakubek sold 7,500 shares of the business’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 sale, 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 can be accessed through this link. 3.55% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC purchased a new stake in shares of DineEquity during the second quarter valued at $275,000. Schwab Charles Investment Management Inc. raised its stake in shares of DineEquity by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,590 shares of the company’s stock valued at $6,833,000 after buying an additional 3,764 shares in the last quarter. American Century Companies Inc. raised its stake in shares of DineEquity by 4.6% in the second quarter. American Century Companies Inc. now owns 18,455 shares of the company’s stock valued at $1,565,000 after buying an additional 808 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of DineEquity during the second quarter valued at $11,871,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of DineEquity by 7.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 12,757 shares of the company’s stock valued at $1,082,000 after buying an additional 937 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
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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