ValuEngine Upgrades DineEquity (DIN) to “Buy”

DineEquity (NYSE:DIN) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

DIN has been the topic of a number of other research reports. BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Maxim Group restated a “buy” rating and set a $55.00 target price on shares of DineEquity in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of DineEquity from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.64.

DineEquity (NYSE:DIN) traded up $0.07 on Friday, hitting $45.94. 251,353 shares of the company were exchanged, compared to its average volume of 363,122. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $826.37, a P/E ratio of 9.57 and a beta of 0.51. DineEquity has a one year low of $36.71 and a one year high of $87.70.

DineEquity (NYSE:DIN) last posted its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $144.67 million for the quarter, compared to the consensus estimate of $146.92 million. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. research analysts predict that DineEquity will post 4.06 EPS for the current fiscal year.

In other DineEquity news, Director Larry Alan Kay sold 778 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the sale, the director now owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.15% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in DIN. Teachers Advisors LLC raised its position in shares of DineEquity by 1.7% during the first quarter. Teachers Advisors LLC now owns 29,784 shares of the restaurant operator’s stock valued at $1,621,000 after buying an additional 494 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DineEquity by 3.1% during the first quarter. Geode Capital Management LLC now owns 131,458 shares of the restaurant operator’s stock valued at $7,153,000 after buying an additional 3,958 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of DineEquity during the first quarter valued at approximately $1,246,000. Schwab Charles Investment Management Inc. raised its position in shares of DineEquity by 8.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 102,422 shares of the restaurant operator’s stock valued at $5,574,000 after buying an additional 7,717 shares during the last quarter. Finally, State Street Corp raised its position in shares of DineEquity by 10.3% during the first quarter. State Street Corp now owns 439,408 shares of the restaurant operator’s stock valued at $23,917,000 after buying an additional 40,927 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for DineEquity (NYSE:DIN)

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