DineEquity Inc. (DIN) Upgraded by Zacks Investment Research to “Hold”
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 have also commented on DIN. Maxim Group assumed coverage on DineEquity in a report on Thursday, September 29th. They issued a buy rating and a $94.00 price objective on the stock. Standpoint Research assumed coverage on DineEquity in a report on Tuesday, August 9th. They issued a buy rating and a $95.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. DineEquity currently has a consensus rating of Buy and a consensus price target of $97.00.
DineEquity (NYSE:DIN) opened at 78.97 on Tuesday. The stock’s 50 day moving average price is $78.09 and its 200 day moving average price is $83.17. The company has a market cap of $1.44 billion, a P/E ratio of 14.47 and a beta of 0.78. DineEquity has a 52-week low of $75.05 and a 52-week high of $98.82.
DineEquity (NYSE:DIN) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting the consensus estimate of $1.59. The firm had revenue of $160.25 million for the quarter, compared to analyst estimates of $161.76 million. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. During the same period last year, the company earned $1.53 earnings per share. DineEquity’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts expect that DineEquity will post $6.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.68 dividend on an annualized basis and a yield of 4.66%. 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 stock was sold at an average price of $76.67, for a total transaction of $575,025.00. Following the transaction, the senior vice president now owns 14,466 shares in the company, valued at $1,109,108.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.55% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Pacad Investment Ltd. bought a new position in shares of DineEquity during the second quarter worth 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 worth $178,000 after buying an additional 65 shares during 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 worth $199,000 after buying an additional 277 shares during 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 worth $213,000 after buying an additional 54 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new position in shares of DineEquity during the first quarter worth approximately $257,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
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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