A number of other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of DineEquity from a strong sell rating to a hold rating in a research report on Monday, October 16th. ValuEngine downgraded shares of DineEquity from a buy rating to a hold rating in a research report on Friday, September 1st. Maxim Group reiterated a buy rating and issued a $55.00 price objective on shares of DineEquity in a research report on Monday, October 30th. Raymond James Financial, Inc. reiterated a market perform rating on shares of DineEquity in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of DineEquity from a strong sell rating to a sell rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $57.64.
Shares of DineEquity (DIN) traded down $2.25 during trading on Friday, hitting $44.38. 336,600 shares of the company’s stock were exchanged, compared to its average volume of 336,051. The firm has a market capitalization of $798.31, a P/E ratio of 9.71 and a beta of 0.53. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $144.67 million during 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 company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. sell-side analysts expect that DineEquity will post 4.15 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.74%. DineEquity’s dividend payout ratio is currently -17.73%.
In related news, Director Msd Capital L. P bought 39,689 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Industries Inc. purchased a new stake in DineEquity during the 2nd quarter valued at about $305,000. Granite Point Capital Management L.P. purchased a new stake in DineEquity during the 2nd quarter valued at about $1,322,000. Gotham Asset Management LLC grew its stake in DineEquity by 1.4% during the 2nd quarter. Gotham Asset Management LLC now owns 238,416 shares of the restaurant operator’s stock valued at $10,502,000 after acquiring an additional 3,183 shares in the last quarter. Skylands Capital LLC grew its stake in DineEquity by 30.6% during the 3rd quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock valued at $1,736,000 after acquiring an additional 9,457 shares in the last quarter. Finally, Spears Abacus Advisors LLC purchased a new stake in DineEquity during the 2nd quarter valued at about $527,000. 92.12% of the stock is owned by institutional investors.
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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