ValuEngine Upgrades DineEquity (DIN) to “Buy”

DineEquity (NYSE:DIN) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the company. Maxim Group reduced their target price on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Zacks Investment Research downgraded DineEquity from a “hold” rating to a “sell” rating in a report on Monday, November 13th. TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Finally, BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. DineEquity currently has a consensus rating of “Hold” and a consensus target price of $57.64.

Shares of DineEquity (NYSE:DIN) traded up $0.07 during mid-day trading on Friday, reaching $45.94. The company had a trading volume of 251,353 shares, compared to its average volume of 363,122. DineEquity has a fifty-two week low of $36.71 and a fifty-two week high of $87.70. The company has a market capitalization of $826.37, a PE ratio of 9.57 and a beta of 0.51. The company has a debt-to-equity ratio of -6.40, a current ratio of 1.39 and a quick ratio of 1.39.

DineEquity (NYSE:DIN) last announced its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. The business had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. During the same quarter last year, the business posted $1.46 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. sell-side analysts expect that DineEquity will post 4.06 EPS for the current year.

In other news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total transaction of $35,118.92. Following the completion of the sale, the director now directly owns 8,513 shares of the company’s stock, valued at $384,276.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Koch Industries Inc. purchased a new stake in DineEquity in the 2nd quarter worth about $305,000. Granite Point Capital Management L.P. purchased a new stake in DineEquity in the 2nd quarter worth about $1,322,000. Skylands Capital LLC lifted 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 worth $1,736,000 after acquiring an additional 9,457 shares in the last quarter. Gotham Asset Management LLC lifted 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 worth $10,502,000 after acquiring an additional 3,183 shares in the last quarter. Finally, Vanguard Group Inc. lifted 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 worth $69,548,000 after acquiring an additional 56,955 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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About DineEquity

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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