DineEquity (DIN) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of DineEquity (NYSE:DIN) from a hold rating to a buy rating in a report released on Friday morning.
DIN has been the topic of several other research reports. BidaskClub raised shares of DineEquity from a strong sell rating to a sell rating in a research report on Saturday, August 19th. Maxim Group reaffirmed a buy rating and issued a $55.00 price target on shares of DineEquity in a research report on Monday, October 30th. Zacks Investment Research cut shares of DineEquity from a buy rating to a hold rating in a research report on Monday, August 14th. Finally, TheStreet cut shares of DineEquity from a c rating to a d+ rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $57.64.
DineEquity (NYSE:DIN) traded up $0.07 during mid-day trading on Friday, hitting $45.94. 251,300 shares of the stock were exchanged, compared to its average volume of 335,094. The company has a market cap of $826.38, a PE ratio of 9.57 and a beta of 0.50. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40. DineEquity has a one year low of $36.71 and a one year high of $87.70.
DineEquity (NYSE:DIN) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The company had revenue of $144.67 million for the quarter, compared to analysts’ expectations of $146.92 million. During the same quarter in the prior year, the firm earned $1.46 EPS. The business’s revenue was down 7.3% on a year-over-year basis. research analysts forecast that DineEquity will post 4.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a yield of 8.45%. DineEquity’s payout ratio is -17.77%.
In other DineEquity news, Director Larry Alan Kay sold 778 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the sale, the director now owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.15% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Koch Industries Inc. purchased a new stake in DineEquity in the 2nd quarter valued at about $305,000. Granite Point Capital Management L.P. purchased a new stake in DineEquity in the 2nd quarter valued at about $1,322,000. Skylands Capital LLC increased its stake in DineEquity by 30.6% in the 3rd quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock valued at $1,736,000 after buying an additional 9,457 shares during the last quarter. Gotham Asset Management LLC increased its stake in DineEquity by 1.4% in the 2nd quarter. Gotham Asset Management LLC now owns 238,416 shares of the restaurant operator’s stock valued at $10,502,000 after buying an additional 3,183 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in DineEquity by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock valued at $69,548,000 after buying an additional 56,955 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
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DineEquity Company Profile
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.
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