DineEquity, Inc (NYSE:DIN) Given Consensus Rating of “Buy” by Brokerages
DineEquity, Inc (NYSE:DIN) has received an average rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $67.80.
Several analysts have commented on the company. Vetr raised DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price objective on the stock in a report on Wednesday, May 3rd. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet lowered DineEquity from a “b-” rating to a “c” rating in a report on Monday, March 20th. Finally, Maxim Group restated a “buy” rating and issued a $77.00 target price on shares of DineEquity in a research report on Friday, April 28th.
DineEquity (DIN) opened at 42.62 on Monday. The stock has a market capitalization of $766.31 million, a PE ratio of 8.96 and a beta of 0.41. The stock’s 50 day moving average price is $46.46 and its 200-day moving average price is $58.98. DineEquity has a 52-week low of $42.37 and a 52-week high of $88.00.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $1.22 EPS for the quarter, beating the consensus estimate of $1.20 by $0.02. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. The company had revenue of $156.17 million for the quarter, compared to analyst estimates of $158.77 million. On average, equities analysts expect that DineEquity will post $4.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Monday, June 19th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $3.88 dividend on an annualized basis and a yield of 9.10%. DineEquity’s payout ratio is 81.68%.
In other DineEquity news, Director Stephen P. Joyce bought 2,265 shares of DineEquity stock in a transaction on Thursday, June 15th. The shares were bought at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the transaction, the director now directly owns 5,488 shares of the company’s stock, valued at $241,856.16. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darren M. Rebelez bought 3,775 shares of DineEquity stock in a transaction on Monday, May 8th. The stock was acquired at an average price of $51.68 per share, for a total transaction of $195,092.00. Following the transaction, the insider now directly owns 32,824 shares of the company’s stock, valued at $1,696,344.32. The disclosure for this purchase can be found here. Company insiders own 2.15% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC increased its stake in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of DineEquity during the first quarter worth $147,000. Russell Investments Group Ltd. boosted its stake in shares of DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock worth $213,000 after buying an additional 205 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of DineEquity during the first quarter worth $232,000. Institutional investors own 88.29% of the company’s stock.
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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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