Equities researchers at Maxim Group began coverage on shares of DineEquity Inc. (NYSE:DIN) in a research note issued on Thursday. The firm set a “buy” rating and a $94.00 price target on the stock. Maxim Group’s price target points to a potential upside of 18.70% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of DineEquity from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Standpoint Research initiated coverage on shares of DineEquity in a report on Tuesday, August 9th. They set a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $97.00.
Shares of DineEquity (NYSE:DIN) opened at 79.19 on Thursday. The stock has a 50 day moving average of $77.92 and a 200-day moving average of $83.53. DineEquity has a one year low of $75.05 and a one year high of $98.82. The stock has a market capitalization of $1.44 billion, a PE ratio of 14.51 and a beta of 0.83.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.59. The business earned $160.25 million during the quarter, compared to analyst estimates of $161.76 million. DineEquity had a net margin of 15.51% and a return on equity of 43.20%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $1.53 EPS. Equities analysts predict that DineEquity will post $6.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Wednesday, September 14th. DineEquity’s dividend payout ratio is currently 67.52%.
In other news, SVP John Jakubek sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $76.67, for a total value of $575,025.00. Following the transaction, the senior vice president now directly owns 14,466 shares in the company, valued at approximately $1,109,108.22. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.55% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in DineEquity during the second quarter worth about $153,000. PineBridge Investments L.P. increased its position in DineEquity by 3.2% in the second quarter. PineBridge Investments L.P. now owns 2,102 shares of the company’s stock worth $178,000 after buying an additional 65 shares during the last quarter. Teacher Retirement System of Texas increased its position in DineEquity by 13.4% in the second quarter. Teacher Retirement System of Texas now owns 2,343 shares of the company’s stock worth $199,000 after buying an additional 277 shares during the last quarter. ProShare Advisors LLC increased its position in DineEquity by 2.2% in the second quarter. ProShare Advisors LLC now owns 2,513 shares of the company’s stock worth $213,000 after buying an additional 54 shares during the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in DineEquity during the first quarter worth about $257,000. Institutional investors own 98.99% of the company’s stock.
DineEquity Company Profile
DineEquity, Inc, together with 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.