DineEquity, Inc (DIN) Downgraded to D+ at TheStreet

TheStreet lowered shares of DineEquity, Inc (NYSE:DIN) from a c rating to a d+ rating in a research note issued to investors on Friday morning.

Several other research firms have also weighed in on DIN. Maxim Group reiterated a buy rating and issued a $55.00 target price on shares of DineEquity in a report on Monday, October 30th. Zacks Investment Research lowered shares of DineEquity from a hold rating to a sell rating in a report on Monday. Raymond James Financial, Inc. reiterated a market perform rating on shares of DineEquity in a report on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a strong sell rating to a sell rating in a report on Saturday, August 19th. Finally, ValuEngine lowered shares of DineEquity from a buy rating to a hold rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $57.64.

DineEquity (NYSE DIN) traded down $2.25 on Friday, reaching $44.38. 336,600 shares of the company’s stock traded hands, compared to its average volume of 336,051. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -6.40. The firm has a market capitalization of $798.31, a price-to-earnings ratio of 9.71 and a beta of 0.53. DineEquity has a 12 month low of $36.71 and a 12 month high of $88.00.

DineEquity (NYSE:DIN) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $144.67 million for the quarter, compared to analyst estimates of $146.92 million. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. research analysts forecast that DineEquity will post 4.15 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.74%. DineEquity’s payout ratio is -17.73%.

In related news, Director Msd Capital L. P acquired 39,689 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $39.23 per share, for a total transaction of $1,556,999.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.15% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in DineEquity by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock valued at $304,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in DineEquity by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System grew its position in DineEquity by 1.1% in the second quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock valued at $390,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund grew its position in DineEquity by 1.6% in the second quarter. Texas Permanent School Fund now owns 12,340 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 195 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in DineEquity by 2.2% in the first quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock valued at $515,000 after purchasing an additional 200 shares in the last quarter. 92.12% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for DineEquity (NYSE:DIN)

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