DineEquity, Inc (NYSE:DIN) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Maxim Group reduced their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Instinet raised their target price on shares of DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $56.47.

DineEquity (NYSE:DIN) traded up 2.35% during mid-day trading on Friday, hitting $40.99. 652,303 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $41.46 and a 200 day moving average of $50.49. The stock has a market capitalization of $737.74 million, a P/E ratio of 9.13 and a beta of 0.39. DineEquity has a 52 week low of $36.71 and a 52 week high of $88.00.

DineEquity (NYSE:DIN) last issued its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue was down 3.2% on a year-over-year basis. Equities analysts forecast that DineEquity will post $4.38 earnings per share for the current fiscal year.

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In other news, Director Stephen P. Joyce purchased 2,265 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the transaction, the director now directly owns 5,488 shares of the company’s stock, valued at approximately $241,856.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Msd Capital L. P purchased 39,689 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The disclosure for this purchase can be found here. Company insiders own 2.15% of the company’s stock.

Several hedge funds have recently made changes to their positions in DIN. Glen Harbor Capital Management LLC increased its stake in shares of 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. State of Alaska Department of Revenue increased its stake in shares of DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares in the last quarter. Russell Investments Group Ltd. increased 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 in the last quarter. Guggenheim Capital LLC increased its stake in shares of DineEquity by 37.8% in the fourth quarter. Guggenheim Capital LLC now owns 3,566 shares of the restaurant operator’s stock worth $275,000 after buying an additional 979 shares in the last quarter. Finally, Mason Street Advisors LLC increased 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 in the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.

DineEquity Company Profile

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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