DineEquity, Inc (NYSE:DIN) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

A number of other research firms have also weighed in on DIN. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Instinet raised their target price on shares of DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, May 4th. Vetr lowered shares of DineEquity from a “buy” rating to a “hold” rating and set a $58.82 target price for the company. in a report on Wednesday, April 26th. Maxim Group reissued a “buy” rating and issued a $77.00 target price on shares of DineEquity in a report on Friday, April 28th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. DineEquity presently has an average rating of “Hold” and an average price target of $56.47.

Shares of DineEquity (NYSE DIN) opened at 40.99 on Friday. The stock has a 50 day moving average of $41.46 and a 200-day moving average of $50.49. DineEquity has a one year low of $36.71 and a one year high of $88.00. The company has a market capitalization of $737.74 million, a price-to-earnings ratio of 9.13 and a beta of 0.39.

DineEquity (NYSE:DIN) last posted its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm had revenue of $155.20 million during the quarter, compared to analyst estimates of $155.33 million. During the same period last year, the firm posted $1.59 earnings per share. DineEquity’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that DineEquity will post $4.38 earnings per share for the current year.

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In other news, Director Stephen P. Joyce acquired 2,265 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was bought at an average cost of $44.07 per share, with a total value of $99,818.55. Following the completion of the purchase, the director now directly owns 5,488 shares of the company’s stock, valued at $241,856.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Msd Capital L. P acquired 39,689 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $39.23 per share, with a total value of $1,556,999.47. The disclosure for this purchase can be found here. 2.15% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of DIN. Louisiana State Employees Retirement System raised its position in DineEquity by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $304,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in DineEquity by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in DineEquity by 1.1% in the second quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. raised its position in DineEquity by 2.2% in the first quarter. Capstone Asset Management Co. now owns 5,033 shares of the restaurant operator’s stock valued at $274,000 after buying an additional 110 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 136 shares during the last quarter. 88.63% of the stock is owned by institutional investors.

DineEquity Company Profile

DineEquity, Inc, through 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.

Analyst Recommendations for DineEquity (NYSE:DIN)

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