Maxim Group reiterated their buy rating on shares of DineEquity, Inc (NYSE:DIN) in a research report released on Monday. They currently have a $55.00 price objective on the restaurant operator’s stock.
DIN has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of DineEquity from a hold rating to a buy rating and set a $49.00 target price for the company in a research report on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a strong sell rating to a sell rating in a research report on Saturday, August 19th. ValuEngine cut shares of DineEquity from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. restated a market perform rating on shares of DineEquity in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $56.47.
Shares of DineEquity (NYSE DIN) traded down $0.15 on Monday, hitting $47.36. The company had a trading volume of 246,811 shares, compared to its average volume of 297,800. The firm has a market cap of $852.96 million, a price-to-earnings ratio of 8.86 and a beta of 0.52.
DineEquity (NYSE:DIN) last announced its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. The company had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. equities research analysts anticipate that DineEquity will post 4.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date is Friday, December 15th. DineEquity’s dividend payout ratio is presently 86.61%.
In other news, Director Msd Capital L. P acquired 39,689 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.15% of the company’s stock.
Several large investors have recently bought and sold shares of DIN. State of Alaska Department of Revenue increased its position in DineEquity by 80.1% during the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 1,482 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in DineEquity by 2.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its position in DineEquity by 2,247.0% during the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after purchasing an additional 3,348 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in DineEquity during the third quarter worth approximately $228,000. Finally, WBI Investments Inc. acquired a new position in DineEquity during the second quarter worth approximately $230,000. 92.07% of the stock is owned by institutional investors and hedge funds.
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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