DineEquity, Inc (NYSE:DIN) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

DIN has been the topic of a number of other research reports. Instinet upped their price objective on DineEquity from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. Maxim Group dropped their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.47.

Shares of DineEquity (NYSE:DIN) traded up 1.51% during trading on Friday, reaching $40.35. The company’s stock had a trading volume of 235,817 shares. DineEquity has a 52 week low of $36.71 and a 52 week high of $88.00. The stock’s 50 day moving average price is $40.56 and its 200 day moving average price is $48.54. The company has a market cap of $726.22 million, a PE ratio of 8.99 and a beta of 0.40.

DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.10. The firm had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. Equities research analysts predict that DineEquity will post $4.38 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “DineEquity, Inc (DIN) Stock Rating Lowered by ValuEngine” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/03/dineequity-inc-din-stock-rating-lowered-by-valuengine.html.

In other DineEquity news, Director Msd Capital L. P bought 39,689 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen P. Joyce bought 2,265 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the acquisition, the director now directly owns 5,488 shares in the company, valued at approximately $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 and other institutional investors have recently bought and sold shares of DIN. Louisiana State Employees Retirement System increased its holdings in shares of DineEquity by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $304,000 after acquiring an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of DineEquity by 2.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of DineEquity by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of DineEquity by 2.2% during the 1st quarter. Capstone Asset Management Co. now owns 5,033 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 110 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of DineEquity by 8.0% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 136 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Stock Ratings for DineEquity Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity Inc and related stocks with our FREE daily email newsletter.