Shares of DineEquity, Inc (NYSE:DIN) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.80.
A number of brokerages have recently issued reports on DIN. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Instinet boosted their price objective on shares of DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, May 4th. Vetr raised shares of DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price objective on the stock in a report on Wednesday, May 3rd. Finally, Maxim Group reissued a “buy” rating and set a $77.00 price objective on shares of DineEquity in a report on Friday, April 28th.
In other news, insider Darren M. Rebelez purchased 3,775 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $51.68 per share, with a total value of $195,092.00. Following the purchase, the insider now directly owns 32,824 shares in the company, valued at approximately $1,696,344.32. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $44.07 per share, with a total value of $99,818.55. Following the transaction, the director now directly owns 5,488 shares in the company, valued at approximately $241,856.16. The disclosure for this purchase can be found here. 2.15% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of DineEquity by 66,627.1% in the first quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock worth $111,881,000 after buying an additional 2,052,782 shares during the last quarter. FMR LLC raised its stake in shares of DineEquity by 87.5% in the first quarter. FMR LLC now owns 1,691,509 shares of the restaurant operator’s stock worth $92,052,000 after buying an additional 789,603 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of DineEquity by 70.8% in the first quarter. Wells Fargo & Company MN now owns 755,593 shares of the restaurant operator’s stock valued at $41,120,000 after buying an additional 313,290 shares in the last quarter. Norges Bank bought a new stake in shares of DineEquity during the fourth quarter valued at approximately $20,096,000. Finally, KBC Group NV bought a new stake in shares of DineEquity during the first quarter valued at approximately $3,803,000. Institutional investors and hedge funds own 88.28% of the company’s stock.
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DineEquity (NYSE DIN) opened at 43.49 on Tuesday. The stock has a market cap of $781.95 million, a PE ratio of 9.14 and a beta of 0.41. The company’s 50 day moving average price is $46.46 and its 200 day moving average price is $58.98. DineEquity has a 12 month low of $42.01 and a 12 month high of $88.00.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $156.17 million for the quarter, compared to the consensus estimate of $158.77 million. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. Equities analysts forecast that DineEquity will post $4.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Monday, June 19th were given a dividend of $0.97 per share. The ex-dividend date was Thursday, June 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.92%. DineEquity’s dividend payout ratio (DPR) is presently 81.68%.
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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