ValuEngine upgraded shares of DineEquity (NYSE:DIN) from a hold rating to a buy rating in a research report report published on Friday, December 1st.
Other research analysts also recently issued reports about the stock. Maxim Group increased their price objective on shares of DineEquity from $55.00 to $62.00 and gave the company a buy rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. TheStreet downgraded shares of DineEquity from a c rating to a d+ rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of DineEquity from a strong sell rating to a hold rating in a research note on Monday, October 16th. 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, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $57.64.
Shares of DineEquity (DIN) traded down $0.67 during mid-day trading on Friday, hitting $50.72. 207,100 shares of the stock traded hands, compared to its average volume of 334,757. DineEquity has a fifty-two week low of $36.71 and a fifty-two week high of $85.67. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40. The stock has a market capitalization of $924.41, a P/E ratio of 10.71 and a beta of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be given a $0.97 dividend. The ex-dividend date is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.65%. DineEquity’s payout ratio is currently -17.77%.
In other news, Director Larry Alan Kay sold 778 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the transaction, the director now directly owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.15% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DIN. Teachers Advisors LLC increased its holdings in shares of DineEquity by 1.7% in the 1st quarter. Teachers Advisors LLC now owns 29,784 shares of the restaurant operator’s stock worth $1,621,000 after acquiring an additional 494 shares during the period. Geode Capital Management LLC increased its stake in DineEquity by 3.1% during the 1st 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 period. Renaissance Technologies LLC acquired a new position in DineEquity during the 1st quarter valued at about $1,246,000. Schwab Charles Investment Management Inc. increased its stake in DineEquity by 8.1% during the 1st 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 period. Finally, State Street Corp increased its stake in DineEquity by 10.3% during the 1st 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 period. 92.83% of the stock is currently owned by institutional investors and hedge funds.
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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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