DineEquity (DIN) Trading Up 10.3%
DineEquity Inc (NYSE:DIN)’s share price was up 10.3% during trading on Tuesday . The company traded as high as $50.95 and last traded at $50.67. Approximately 755,600 shares were traded during trading, an increase of 124% from the average daily volume of 336,899 shares. The stock had previously closed at $45.94.
A number of equities research analysts have recently issued reports on DIN shares. Maxim Group reduced their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet cut shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $57.64.
The company has a market capitalization of $826.38, a PE ratio of 9.57 and a beta of 0.50. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -6.40.
DineEquity (NYSE:DIN) last posted its quarterly earnings data 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. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The business had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. During the same quarter in the prior year, the business posted $1.46 earnings per share. DineEquity’s revenue was down 7.3% compared to the same quarter last year. equities analysts anticipate that DineEquity Inc will post 4.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a yield of 7.66%. DineEquity’s dividend payout ratio is -17.77%.
In related news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the completion of the sale, the director now owns 8,513 shares of the company’s stock, valued at $384,276.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Koch Industries Inc. bought a new stake in DineEquity during the second quarter worth about $305,000. Granite Point Capital Management L.P. bought a new stake in DineEquity during the second quarter worth about $1,322,000. Skylands Capital LLC lifted its position in DineEquity by 30.6% during the third quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock worth $1,736,000 after purchasing an additional 9,457 shares during the period. Gotham Asset Management LLC lifted its position in DineEquity by 1.4% during the second quarter. Gotham Asset Management LLC now owns 238,416 shares of the restaurant operator’s stock worth $10,502,000 after purchasing an additional 3,183 shares during the period. Finally, Vanguard Group Inc. lifted its position in DineEquity by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock worth $69,548,000 after purchasing an additional 56,955 shares during the period. 92.83% 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.
Receive News & Ratings for DineEquity Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.