DineEquity, Inc (NYSE:DIN) had its price objective decreased by research analysts at Maxim Group from $77.00 to $55.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 41.35% from the stock’s current price.

A number of other research analysts also recently issued reports on DIN. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Instinet boosted their target price on shares of DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, May 4th. Vetr upgraded shares of DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 target price on the stock in a research report on Wednesday, May 3rd. Nomura reiterated a “hold” rating and set a $55.00 target price on shares of DineEquity in a research report on Monday, April 17th. Finally, Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $61.97.

Shares of DineEquity (NYSE:DIN) opened at 38.91 on Tuesday. The firm has a 50-day moving average of $43.20 and a 200 day moving average of $53.06. The firm has a market capitalization of $699.60 million, a price-to-earnings ratio of 8.18 and a beta of 0.39. DineEquity has a 12-month low of $37.65 and a 12-month high of $88.00.

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In other DineEquity news, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the acquisition, the director now owns 5,488 shares in the company, valued at approximately $241,856.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. BlackRock Inc. increased its position in DineEquity by 66,627.1% in the first quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock valued at $111,881,000 after buying an additional 2,052,782 shares during the last quarter. FMR LLC increased its position in DineEquity by 87.5% in the first quarter. FMR LLC now owns 1,691,509 shares of the restaurant operator’s stock valued at $92,052,000 after buying an additional 789,603 shares during the last quarter. Wells Fargo & Company MN increased its position in DineEquity by 70.8% in the first quarter. Wells Fargo & Company MN now owns 755,593 shares of the restaurant operator’s stock valued at $41,120,000 after buying an additional 313,290 shares during the last quarter. Norges Bank acquired a new position in DineEquity during the fourth quarter valued at $20,096,000. Finally, Burgundy Asset Management Ltd. increased its position in DineEquity by 116.3% in the first quarter. Burgundy Asset Management Ltd. now owns 472,387 shares of the restaurant operator’s stock valued at $44,135,000 after buying an additional 253,974 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

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.

Analyst Recommendations for DineEquity (NYSE:DIN)

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