DineEquity, Inc (DIN) Given Consensus Recommendation of “Hold” by Brokerages
DineEquity, Inc (NYSE:DIN) has received an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. One research 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. The average 12 month price target among analysts that have covered the stock in the last year is $57.96.
Several research analysts recently weighed in on the stock. Raymond James Financial, Inc. restated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Maxim Group dropped their price objective on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of DineEquity from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th.
In other news, Director Msd Capital L. P purchased 39,689 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.15% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its stake in shares of DineEquity by 1.5% in the 2nd 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 period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of DineEquity by 2.6% in 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 lifted its holdings in shares of DineEquity by 1.1% in 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. Texas Permanent School Fund lifted its holdings in shares of DineEquity by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 12,340 shares of the restaurant operator’s stock worth $544,000 after acquiring an additional 195 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of DineEquity by 2.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock worth $515,000 after acquiring an additional 200 shares during the last quarter. 92.00% of the stock is owned by institutional investors and hedge funds.
DineEquity (NYSE DIN) opened at 44.84 on Wednesday. The stock’s 50 day moving average price is $41.43 and its 200-day moving average price is $45.43. The stock has a market cap of $807.03 million, a price-to-earnings ratio of 9.99 and a beta of 0.40. DineEquity has a 12 month low of $36.71 and a 12 month high of $88.00.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $155.33 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that DineEquity will post $4.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.65%. DineEquity’s dividend payout ratio (DPR) is 86.61%.
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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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