DineEquity Inc (NYSE:DIN) had its price objective raised by equities researchers at Instinet from $55.00 to $58.00 in a report issued on Thursday, May 4th. The firm currently has a “neutral” rating on the restaurant operator’s stock. Instinet’s price target indicates a potential upside of 16.70% from the stock’s previous close.
A number of other research analysts also recently weighed in on DIN. Raymond James Financial, Inc. downgraded DineEquity from an “outperform” rating to a “mkt perform” rating in a report on Friday, February 17th. Vetr upgraded DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price target on the stock in a report on Wednesday, May 3rd. Nomura downgraded DineEquity from a “buy” rating to a “neutral” rating and lowered their price target for the company from $95.00 to $77.00 in a report on Tuesday, January 24th. Maxim Group lowered their price target on DineEquity from $84.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Finally, TheStreet downgraded DineEquity from a “b-” rating to a “c” rating in a report on Monday, March 20th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $71.55.
DineEquity (NYSE:DIN) last issued its earnings results on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.02. The business had revenue of $156.17 million for the quarter, compared to analysts’ expectations of $158.77 million. DineEquity had a return on equity of 44.00% and a net margin of 15.67%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Monday, June 19th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, June 15th. This represents a $3.88 dividend on an annualized basis and a yield of 7.81%. DineEquity’s payout ratio is 70.55%.
In other news, insider Darren M. Rebelez acquired 3,775 shares of DineEquity stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average price of $51.68 per share, with a total value of $195,092.00. Following the completion of the transaction, the insider now owns 32,824 shares in the company, valued at $1,696,344.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick W. Rose acquired 2,000 shares of DineEquity stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average cost of $53.49 per share, with a total value of $106,980.00. Following the transaction, the director now owns 52,218 shares of the company’s stock, valued at approximately $2,793,140.82. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,775 shares of company stock valued at $406,672. Insiders own 3.55% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DIN. BlackRock Inc. boosted its stake in 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. Capital Research Global Investors boosted its stake in DineEquity by 2.7% in the third quarter. Capital Research Global Investors now owns 1,901,520 shares of the restaurant operator’s stock worth $150,581,000 after buying an additional 50,000 shares during the last quarter. FMR LLC boosted its stake in 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. Vanguard Group Inc. boosted its stake in shares of DineEquity by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,521,893 shares of the restaurant operator’s stock worth $82,821,000 after buying an additional 20,404 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of DineEquity by 11.1% in the third quarter. BlackRock Fund Advisors now owns 1,212,623 shares of the restaurant operator’s stock worth $96,028,000 after buying an additional 121,438 shares in the last quarter. 96.85% of the stock is owned by hedge funds and other institutional investors.
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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