DineEquity Inc. (DIN) Receives Average Recommendation of “Buy” from Analysts
Shares of DineEquity Inc. (NYSE:DIN) have been given an average rating of “Buy” by the six ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $99.00.
Several equities analysts recently issued reports on DIN shares. Standpoint Research began coverage on DineEquity in a research report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Maxim Group began coverage on DineEquity in a research note on Thursday, September 29th. They issued a “buy” rating and a $94.00 target price on the stock.
Shares of DineEquity (NYSE:DIN) traded down 0.60% during midday trading on Thursday, hitting $84.59. 66,220 shares of the stock traded hands. The firm’s 50 day moving average price is $79.33 and its 200 day moving average price is $80.61. DineEquity has a 12-month low of $75.05 and a 12-month high of $98.82. The company has a market capitalization of $1.53 billion, a PE ratio of 15.37 and a beta of 0.54.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.06. DineEquity had a return on equity of 44.00% and a net margin of 15.67%. The business earned $156 million during the quarter, compared to analyst estimates of $160.98 million. During the same period in the previous year, the firm earned $1.43 EPS. DineEquity’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts expect that DineEquity will post $6.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, December 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from DineEquity’s previous quarterly dividend of $0.92. DineEquity’s dividend payout ratio is currently 66.91%.
In related news, SVP Greggory Kalvin acquired 2,466 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average price of $81.32 per share, for a total transaction of $200,535.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Jakubek sold 7,500 shares of the company’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 value of $575,025.00. Following the sale, the senior vice president now owns 14,466 shares in the company, valued at approximately $1,109,108.22. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.
Several large investors have recently made changes to their positions in DIN. State Street Corp boosted its stake in shares of DineEquity by 0.5% in the first quarter. State Street Corp now owns 340,477 shares of the company’s stock worth $31,809,000 after buying an additional 1,650 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of DineEquity by 60.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the company’s stock worth $508,000 after buying an additional 2,259 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of DineEquity by 6.3% in the second quarter. Capstone Asset Management Co. now owns 6,083 shares of the company’s stock worth $516,000 after buying an additional 360 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of DineEquity by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 38,100 shares of the company’s stock worth $3,230,000 after buying an additional 4,000 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in DineEquity by 99.5% in the second quarter. CIBC World Markets Inc. now owns 12,945 shares of the company’s stock worth $1,097,000 after buying an additional 6,456 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.
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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