DineEquity (NYSE:DIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “DineEquity, Inc. was created from a foundation established by IHOP – an American icon to their guests and a franchising company focused on providing strategic, visionary leadership for their franchisees, unparalleled opportunities for our team members, and enhancing value for their shareholders. By bringing Applebee’s together with IHOP in November 2007, they made a bold, new commitment to their brand-revitalization abilities and to the power of franchising. DineEquity has successfully made their two businesses more powerful and more successful than either brand could have been apart. Their dedicated focus combined with a core expertise in brand revitalization and franchising know-how is the basis for the winning formula that has defined the financial success of their business in recent years. As reported by Nation’s Restaurant News, Applebee’s and IHOP are the category leaders in casual and family dining. “

DIN has been the topic of a number of other research reports. TheStreet lowered DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Maxim Group reiterated a “buy” rating and issued a $55.00 price target on shares of DineEquity in a research report on Monday, October 30th. Finally, ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.64.

DineEquity (NYSE:DIN) traded up $0.82 during midday trading on Monday, hitting $53.42. The company’s stock had a trading volume of 275,600 shares, compared to its average volume of 245,278. DineEquity has a 1 year low of $36.71 and a 1 year high of $77.09. The company has a market cap of $960.93, a price-to-earnings ratio of -2.44 and a beta of 0.51. The company has a debt-to-equity ratio of -6.40, a current ratio of 1.39 and a quick ratio of 1.39.

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

In related news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.15% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in DIN. FMR LLC boosted its position 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 valued at $118,803,000 after purchasing an additional 1,005,504 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of DineEquity during the 2nd quarter valued at about $305,000. Contrarius Investment Management Ltd bought a new stake in shares of DineEquity during the 3rd quarter valued at about $12,803,000. Wells Fargo & Company MN boosted its position in shares of DineEquity by 17.3% during the 2nd quarter. Wells Fargo & Company MN now owns 886,539 shares of the restaurant operator’s stock valued at $39,051,000 after purchasing an additional 130,946 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $69,548,000 after purchasing an additional 56,955 shares in the last quarter. Institutional investors own 92.66% of the company’s stock.

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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.

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Analyst Recommendations for DineEquity (NYSE:DIN)

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