Shares of DineEquity Inc. (NYSE:DIN) have been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $97.60.
A number of equities analysts have recently weighed in on the company. Maxim Group assumed coverage on DineEquity in a research note on Thursday, September 29th. They issued a “buy” rating and a $94.00 target price on the stock. Zacks Investment Research upgraded DineEquity from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Tuesday, July 5th. Finally, Standpoint Research assumed coverage on DineEquity in a research note on Tuesday, August 9th. They issued a “buy” rating and a $95.00 target price on the stock.
Shares of DineEquity (NYSE:DIN) traded down 0.46% during trading on Thursday, hitting $78.35. The stock had a trading volume of 33,393 shares. DineEquity has a 52 week low of $75.05 and a 52 week high of $98.82. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.36 and a beta of 0.78. The company’s 50 day moving average price is $78.52 and its 200 day moving average price is $82.69.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting analysts’ consensus estimates of $1.59. The firm earned $160.25 million during the quarter, compared to analyst estimates of $161.76 million. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 EPS. Analysts predict that DineEquity will post $6.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $3.68 annualized dividend and a yield of 4.68%. DineEquity’s payout ratio is 67.52%.
In related news, SVP John Jakubek sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.67, for a total value of $575,025.00. Following the transaction, the senior vice president now owns 14,466 shares in the company, valued at $1,109,108.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.55% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of DIN. Pacad Investment Ltd. purchased a new position in DineEquity during the second quarter valued at approximately $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 valued at $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 valued at $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 valued at $213,000 after buying an additional 54 shares during the last quarter. Finally, Advisor Group Inc. purchased a new position in DineEquity during the second quarter valued at approximately $248,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
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.
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