DineEquity Inc (DIN) Given Average Rating of “Buy” by Analysts
DineEquity Inc (NYSE:DIN) has been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the company. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $67.80.
A number of equities research analysts have issued reports on the stock. Raymond James Financial, Inc. downgraded shares of DineEquity from an “outperform” rating to a “mkt perform” rating in a research report on Friday, February 17th. Vetr raised shares of DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price objective for the company in a research report on Wednesday, May 3rd. Instinet dropped their target price on shares of DineEquity from $70.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. Nomura cut shares of DineEquity from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $77.00 in a research note on Tuesday, January 24th. Finally, Maxim Group dropped their target price on shares of DineEquity from $84.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd.
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In other DineEquity news, insider Darren M. Rebelez purchased 3,775 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average cost of $51.68 per share, for a total transaction of $195,092.00. Following the purchase, the insider now owns 32,824 shares of the company’s stock, valued at approximately $1,696,344.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick W. Rose purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average price of $53.49 per share, for a total transaction of $106,980.00. Following the completion of the purchase, the director now directly owns 52,218 shares in the company, valued at approximately $2,793,140.82. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,775 shares of company stock worth $406,672 over the last 90 days. 3.55% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in shares of DineEquity by 4.1% in the third quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the restaurant operator’s stock worth $602,000 after buying an additional 300 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of DineEquity during the third quarter worth approximately $210,000. TradeLink Capital LLC acquired a new stake in shares of DineEquity during the third quarter worth approximately $207,000. UBS Asset Management Americas Inc. boosted its stake in shares of DineEquity by 3.6% in the third quarter. UBS Asset Management Americas Inc. now owns 9,735 shares of the restaurant operator’s stock worth $771,000 after buying an additional 339 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of DineEquity by 9.8% in the third quarter. BlackRock Advisors LLC now owns 9,071 shares of the restaurant operator’s stock worth $718,000 after buying an additional 811 shares during the last quarter. Institutional investors own 96.85% of the company’s stock.
Shares of DineEquity (NYSE:DIN) traded up 0.45% during midday trading on Friday, reaching $49.27. 69,544 shares of the company traded hands. The firm has a market capitalization of $885.87 million, a PE ratio of 10.36 and a beta of 0.45. The company has a 50-day moving average of $53.91 and a 200 day moving average of $66.91. DineEquity has a 12-month low of $48.73 and a 12-month high of $88.00.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.02. DineEquity had a net margin of 15.67% and a return on equity of 44.00%. The business had revenue of $156.17 million during the quarter, compared to the consensus estimate of $158.77 million. On average, equities analysts forecast that DineEquity will post $4.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Monday, June 19th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Thursday, June 15th. DineEquity’s payout ratio is currently 70.55%.
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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