DineEquity Inc (NYSE:DIN) traded up 1.7% during trading on Thursday . The stock traded as high as $67.96 and last traded at $68.19. 263,048 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 361,128 shares. The stock had previously closed at $67.03.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of DineEquity from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, January 31st. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Maxim Group reissued a “buy” rating and issued a $87.00 price target (up previously from $62.00) on shares of DineEquity in a report on Tuesday. Finally, TheStreet lowered shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. DineEquity has an average rating of “Hold” and an average target price of $63.97.
The company has a market capitalization of $1,141.79, a price-to-earnings ratio of -3.75 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.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Sunday, March 18th. DineEquity’s payout ratio is -21.16%.
Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of DineEquity during the third quarter worth $189,000. LPL Financial LLC purchased a new stake in shares of DineEquity during the fourth quarter worth $207,000. Crossmark Global Holdings Inc. purchased a new stake in shares of DineEquity during the third quarter worth $228,000. UBS Asset Management Americas Inc. purchased a new stake in shares of DineEquity during the fourth quarter worth $228,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of DineEquity during the fourth quarter worth $280,000. 96.93% of the stock is owned by institutional investors and hedge funds.
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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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