DineEquity, Inc (NYSE:DIN) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $57.96.
A number of research firms recently issued reports on DIN. Zacks Investment Research upgraded shares of DineEquity from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. ValuEngine downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Maxim Group reduced their target price 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. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th.
In other DineEquity news, Director Msd Capital L. P bought 39,689 shares of DineEquity stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in shares of DineEquity by 59.4% in the second quarter. FMR LLC now owns 2,697,013 shares of the restaurant operator’s stock worth $118,803,000 after purchasing an additional 1,005,504 shares in the last quarter. BlackRock Inc. increased its stake in shares of DineEquity by 66,627.1% in the first quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock worth $111,881,000 after purchasing an additional 2,052,782 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of DineEquity by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock valued at $69,548,000 after acquiring an additional 56,955 shares during the period. Wells Fargo & Company MN boosted its position in shares of DineEquity by 17.3% in the second quarter. Wells Fargo & Company MN now owns 886,539 shares of the restaurant operator’s stock valued at $39,051,000 after acquiring an additional 130,946 shares during the period. Finally, EdgePoint Investment Group Inc. boosted its position in shares of DineEquity by 41.7% in the second quarter. EdgePoint Investment Group Inc. now owns 599,055 shares of the restaurant operator’s stock valued at $26,388,000 after acquiring an additional 176,412 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.
Shares of DineEquity (NYSE DIN) traded up 1.66% on Wednesday, reaching $45.83. 408,717 shares of the company were exchanged. The firm has a market capitalization of $824.85 million, a PE ratio of 10.21 and a beta of 0.40. The company’s 50 day moving average is $42.11 and its 200 day moving average is $45.22. DineEquity has a 12-month low of $36.71 and a 12-month 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 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 business had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. During the same quarter last year, the company posted $1.59 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts forecast that DineEquity will post $4.38 earnings per share for the current year.
The firm also recently announced 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 of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.47%. DineEquity’s payout ratio is 86.61%.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.