DineEquity Inc. (NYSE:DIN) SVP John Jakubek sold 7,500 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.67, for a total transaction of $575,025.00. Following the completion of the sale, the senior vice president now directly owns 14,466 shares of the company’s stock, valued at $1,109,108.22. The transaction was disclosed in a filing with the SEC, which is available at this link.
DineEquity Inc. (NYSE:DIN) opened at 79.93 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 14.65 and a beta of 0.83. The stock’s 50 day moving average price is $77.24 and its 200-day moving average price is $84.13. DineEquity Inc. has a 52-week low of $75.05 and a 52-week high of $98.82.
DineEquity (NYSE:DIN) last released its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.59. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The firm earned $160.25 million during the quarter, compared to the consensus estimate of $161.76 million. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Analysts predict that DineEquity Inc. will post $6.01 earnings per share for the current fiscal year.
The company 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 dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Wednesday, September 14th. DineEquity’s dividend payout ratio (DPR) is 67.52%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded DineEquity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, July 5th. Standpoint Research assumed coverage on DineEquity in a research note on Tuesday, August 9th. They issued a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. DineEquity has a consensus rating of “Buy” and a consensus price target of $97.60.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in shares of DineEquity by 24.6% in the first quarter. Renaissance Technologies LLC now owns 37,000 shares of the company’s stock valued at $3,457,000 after buying an additional 7,300 shares in the last quarter. Pacific Global Investment Management CO boosted its position in shares of DineEquity by 0.4% in the first quarter. Pacific Global Investment Management CO now owns 2,876 shares of the company’s stock valued at $269,000 after buying an additional 12 shares in the last quarter. Scotia Capital Inc. bought a new position in shares of DineEquity during the first quarter valued at $630,000. State Street Corp boosted its position in shares of DineEquity by 0.5% in the first quarter. State Street Corp now owns 340,477 shares of the company’s stock valued at $31,809,000 after buying an additional 1,650 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of DineEquity by 116.3% in the first quarter. Burgundy Asset Management Ltd. now owns 472,387 shares of the company’s stock valued at $44,135,000 after buying an additional 253,974 shares in the last quarter. 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.
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