DineEquity, Inc (DIN) Rating Increased to Hold at Zacks Investment Research
DineEquity, Inc (NYSE:DIN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “IHOP Corp. develops, franchises and operates International House of Pancakes restaurants. IHOP restaurants feature moderately-priced, high-quality food and beverage items, and table service in an attractive and comfortable atmosphere. Although IHOP restaurants are best known for their award-winning pancakes, omelets and other breakfast specialties, IHOP restaurants are open throughout the day and evening hours and offer a broad array of lunch, dinner and snack items as well. “
DIN has been the topic of several other research reports. Maxim Group dropped their price objective 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. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. Finally, BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.47.
DineEquity (DIN) traded up 0.55% during mid-day trading on Monday, reaching $43.64. 173,568 shares of the company’s stock traded hands. The company has a 50-day moving average of $41.43 and a 200-day moving average of $45.43. DineEquity has a 52-week low of $36.71 and a 52-week high of $88.00. The company has a market capitalization of $785.48 million, a price-to-earnings ratio of 9.72 and a beta of 0.40.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. Equities research analysts expect that DineEquity will post $4.38 EPS for the current year.
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In other DineEquity news, Director Msd Capital L. P purchased 39,689 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.15% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in shares of DineEquity by 59.4% during the 2nd quarter. FMR LLC now owns 2,697,013 shares of the restaurant operator’s stock worth $118,803,000 after purchasing an additional 1,005,504 shares during the last quarter. BlackRock Inc. increased its stake in shares of DineEquity by 66,627.1% during the 1st quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock worth $111,881,000 after purchasing an additional 2,052,782 shares during the last quarter. Capital Research Global Investors increased its stake in shares of DineEquity by 2.7% during the 3rd quarter. Capital Research Global Investors now owns 1,901,520 shares of the restaurant operator’s stock worth $150,581,000 after purchasing an additional 50,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of DineEquity by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock worth $69,548,000 after purchasing an additional 56,955 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of DineEquity by 11.1% during the 3rd quarter. BlackRock Fund Advisors now owns 1,212,623 shares of the restaurant operator’s stock worth $96,028,000 after purchasing an additional 121,438 shares during the last quarter. Institutional investors own 92.00% of the company’s stock.
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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