DineEquity, Inc (DIN) Receives $57.96 Consensus PT from Analysts
Shares of DineEquity, Inc (NYSE:DIN) have received an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $57.96.
A number of research firms recently issued reports on DIN. BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded DineEquity from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Maxim Group decreased their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. Finally, ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
Shares of DineEquity (NYSE DIN) traded up 1.51% during midday trading on Tuesday, hitting $40.35. The stock had a trading volume of 235,817 shares. The firm’s 50-day moving average is $40.63 and its 200 day moving average is $48.73. The company has a market capitalization of $726.22 million, a PE ratio of 8.99 and a beta of 0.39. DineEquity has a one year low of $36.71 and a one year high of $88.00.
DineEquity (NYSE:DIN) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. DineEquity’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. Equities analysts expect that DineEquity will post $4.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.88 annualized dividend and a yield of 9.62%. DineEquity’s dividend payout ratio (DPR) is presently 86.61%.
In other DineEquity news, Director Msd Capital L. P acquired 39,689 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $39.23 per share, with a total value of $1,556,999.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen P. Joyce acquired 2,265 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $44.07 per share, with a total value of $99,818.55. Following the completion of the transaction, the director now owns 5,488 shares of the company’s stock, valued at $241,856.16. The disclosure for this purchase can be found here. Corporate insiders own 2.15% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DIN. Suntrust Banks Inc. boosted its stake in DineEquity by 66.5% in the first quarter. Suntrust Banks Inc. now owns 31,783 shares of the restaurant operator’s stock worth $1,729,000 after buying an additional 12,689 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in DineEquity by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 391,198 shares of the restaurant operator’s stock worth $21,289,000 after buying an additional 17,654 shares during the last quarter. First Trust Advisors LP boosted its stake in DineEquity by 80.6% in the first quarter. First Trust Advisors LP now owns 88,948 shares of the restaurant operator’s stock worth $4,841,000 after buying an additional 39,697 shares during the last quarter. LSV Asset Management acquired a new stake in DineEquity during the first quarter worth about $957,000. Finally, Great West Life Assurance Co. Can boosted its stake in DineEquity by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 23,741 shares of the restaurant operator’s stock worth $1,291,000 after buying an additional 1,482 shares during the last quarter. 92.03% 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.
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