According to Zacks, “IHOP Corp. develops, franchises and operates International House of Pancakes restaurants. IHOP restaurants feature moderately-priced, high-quality food and beverage items, and table service in an attractive and comfortable atmosphere. Although IHOP restaurants are best known for their award-winning pancakes, omelets and other breakfast specialties, IHOP restaurants are open throughout the day and evening hours and offer a broad array of lunch, dinner and snack items as well. “
A number of other research analysts have also recently weighed in on the stock. Standpoint Research initiated coverage on shares of DineEquity in a research note on Tuesday, August 9th. They set a buy rating and a $95.00 price objective for the company. Maxim Group initiated coverage on shares of DineEquity in a research note on Thursday, September 29th. They set a buy rating and a $94.00 price objective 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 has an average rating of Buy and an average price target of $97.00.
DineEquity (NYSE:DIN) traded down 0.06% during midday trading on Tuesday, reaching $78.11. The company had a trading volume of 4,632 shares. The firm’s 50 day moving average is $78.24 and its 200 day moving average is $83.10. The stock has a market capitalization of $1.42 billion, a PE ratio of 14.32 and a beta of 0.78. DineEquity has a 1-year low of $75.05 and a 1-year high of $98.82.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.59. DineEquity had a net margin of 15.51% and a return on equity of 43.20%. The business earned $160.25 million during the quarter, compared to analysts’ expectations of $161.76 million. During the same period last year, the company posted $1.53 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that DineEquity will post $6.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be issued a $0.92 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.71%. DineEquity’s payout ratio is currently 67.52%.
In related news, SVP John Jakubek sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $76.67, for a total value of $575,025.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 3.55% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DIN. Aperio Group LLC increased its stake in DineEquity by 1.5% in the first quarter. Aperio Group LLC now owns 4,563 shares of the company’s stock worth $426,000 after buying an additional 66 shares during the last quarter. RS Investment Management Co. LLC raised its stake in DineEquity by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 615,643 shares of the company’s stock worth $52,194,000 after buying an additional 24,255 shares in the last quarter. CIBC World Markets Inc. raised its stake in DineEquity by 99.5% in the second quarter. CIBC World Markets Inc. now owns 12,945 shares of the company’s stock worth $1,097,000 after buying an additional 6,456 shares in the last quarter. M&T Bank Corp raised its stake in DineEquity by 8.5% in the second quarter. M&T Bank Corp now owns 9,735 shares of the company’s stock worth $826,000 after buying an additional 763 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in DineEquity by 6.3% in the second quarter. Capstone Asset Management Co. now owns 6,083 shares of the company’s stock worth $516,000 after buying an additional 360 shares in the last quarter. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.