DineEquity, Inc (DIN) PT Raised to $62.00 at Maxim Group
DineEquity, Inc (NYSE:DIN) had its price objective hoisted by equities research analysts at Maxim Group from $55.00 to $62.00 in a report issued on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s target price suggests a potential upside of 32.96% from the company’s current price. The analysts noted that the move was a valuation call.
Other analysts have also issued reports about the company. Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Finally, BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.64.
Shares of DineEquity (DIN) opened at $46.63 on Thursday. The stock has a market capitalization of $812.35, a price-to-earnings ratio of 9.41 and a beta of 0.52. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.53.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping the 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 positive return on equity of 34.36% and a negative net margin of 64.74%. DineEquity’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. research analysts anticipate that DineEquity will post 4.32 earnings per share for the current year.
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In other DineEquity news, Director Msd Capital L. P acquired 39,689 shares of DineEquity stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.15% of the company’s stock.
Several hedge funds have recently made changes to their positions in DIN. State of Alaska Department of Revenue boosted its stake in shares of DineEquity by 80.1% during the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 1,482 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of DineEquity by 2.6% during 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. Russell Investments Group Ltd. boosted its stake in shares of DineEquity by 2,247.0% during the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 3,348 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of DineEquity during the third quarter valued at about $228,000. Finally, WBI Investments Inc. acquired a new stake in shares of DineEquity during the second quarter valued at about $230,000. 91.93% of the stock is currently owned by hedge funds and other institutional investors.
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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