Analysts Set DineEquity Inc. (DIN) PT at $97.60
DineEquity Inc. (NYSE:DIN) has been assigned an average rating of “Buy” from the seven brokerages that are covering the company. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $97.60.
DIN has been the topic of a number of recent research reports. Zacks Investment Research cut DineEquity from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Standpoint Research initiated coverage on DineEquity in a report on Tuesday, August 9th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Maxim Group started coverage on DineEquity in a report on Thursday, September 29th. They set a “buy” rating and a $94.00 price objective on the stock.
In related news, SVP John Jakubek sold 7,500 shares of the firm’s 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 directly owns 14,466 shares in the company, valued at approximately $1,109,108.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.55% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DIN. Pacad Investment Ltd. bought a new position in DineEquity during the second quarter valued at about $153,000. PineBridge Investments L.P. raised its position in 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 during the last quarter. Teacher Retirement System of Texas raised its position in 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 during the last quarter. ProShare Advisors LLC raised its position in 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 during the last quarter. Finally, Pacific Global Investment Management CO raised its position in 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 during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
DineEquity (NYSE:DIN) opened at 78.60 on Thursday. The company has a 50 day moving average price of $78.59 and a 200-day moving average price of $82.57. DineEquity has a 1-year low of $75.05 and a 1-year high of $98.82. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.41 and a beta of 0.78.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.59. The business had revenue of $160.25 million for the quarter, compared to analysts’ expectations of $161.76 million. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 EPS. On average, analysts forecast that DineEquity will post $6.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 16th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $3.68 annualized dividend and a dividend yield of 4.68%. DineEquity’s dividend payout ratio (DPR) is presently 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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