DineEquity Inc. (DIN) Lowered to Overweight at KeyCorp
KeyCorp cut shares of DineEquity Inc. (NYSE:DIN) from an equal weight rating to an overweight rating in a research report released on Thursday morning. The analysts noted that the move was a valuation call.
Several other brokerages have also recently commented on DIN. Zacks Investment Research raised shares of DineEquity from a sell rating to a hold rating in a report on Tuesday, October 4th. Maxim Group began coverage on shares of DineEquity in a research note on Thursday, September 29th. They issued a buy rating and a $94.00 price objective on the stock. Finally, Standpoint Research began coverage on shares of DineEquity in a research note on Tuesday, August 9th. They issued a buy rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. DineEquity presently has a consensus rating of Buy and a consensus target price of $98.00.
Shares of DineEquity (NYSE:DIN) opened at 83.40 on Thursday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 15.15 and a beta of 0.54. The firm’s 50-day moving average price is $79.48 and its 200-day moving average price is $80.64. DineEquity has a 12-month low of $75.05 and a 12-month high of $98.82.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.06. The firm had revenue of $156 million for the quarter, compared to analysts’ expectations of $160.98 million. DineEquity had a net margin of 15.67% and a return on equity of 44.00%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Equities analysts predict that DineEquity will post $6.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 16th will be given a $0.97 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $3.88 dividend on an annualized basis and a yield of 4.58%. This is a positive change from DineEquity’s previous quarterly dividend of $0.92. DineEquity’s dividend payout ratio (DPR) is currently 66.91%.
In other news, SVP John Jakubek sold 7,500 shares of DineEquity stock in a transaction on Friday, September 16th. The shares were 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 available through the SEC website. Also, SVP Greggory Kalvin purchased 2,466 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $81.32 per share, for a total transaction of $200,535.12. The disclosure for this purchase can be found here. 3.55% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of DineEquity by 2.7% in the third quarter. Capital Research Global Investors now owns 1,901,520 shares of the company’s stock worth $150,581,000 after buying an additional 50,000 shares during the period. Vanguard Group Inc. increased its position in shares of DineEquity by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,397,269 shares of the company’s stock worth $118,460,000 after buying an additional 40,772 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of DineEquity by 11.1% in the third quarter. BlackRock Fund Advisors now owns 1,212,623 shares of the company’s stock worth $96,028,000 after buying an additional 121,438 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DineEquity by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 739,259 shares of the company’s stock worth $62,674,000 after buying an additional 49,335 shares in the last quarter. Finally, Allianz Asset Management AG increased its position in shares of DineEquity by 1.3% in the second quarter. Allianz Asset Management AG now owns 682,571 shares of the company’s stock worth $57,868,000 after buying an additional 8,953 shares in the last quarter. 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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