DineEquity, Inc (NYSE:DIN) announced its earnings results on Thursday. The restaurant operator reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.13, Briefing.com reports. The firm had revenue of $155.20 million for the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS.
DineEquity (DIN) opened at 38.81 on Friday. The company’s 50-day moving average price is $42.15 and its 200-day moving average price is $51.74. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00. The firm has a market capitalization of $697.80 million, a P/E ratio of 8.16 and a beta of 0.39.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s dividend payout ratio (DPR) is currently 81.68%.
DIN has been the topic of a number of recent analyst reports. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, July 24th. Vetr downgraded DineEquity from a “buy” rating to a “hold” rating and set a $58.82 price objective on the stock. in a research note on Wednesday, April 26th. Maxim Group reissued a “buy” rating and issued a $77.00 price objective on shares of DineEquity in a research note on Friday, April 28th. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Nomura reissued a “hold” rating and issued a $55.00 price objective on shares of DineEquity in a research note on Monday, April 17th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $56.47.
In related news, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the acquisition, the director now directly owns 5,488 shares of the company’s stock, valued at approximately $241,856.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.15% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of DineEquity by 66,627.1% in the first quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock valued at $111,881,000 after buying an additional 2,052,782 shares during the period. FMR LLC raised its stake in shares of DineEquity by 87.5% in the first quarter. FMR LLC now owns 1,691,509 shares of the restaurant operator’s stock valued at $92,052,000 after buying an additional 789,603 shares during the period. Vanguard Group Inc. raised 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 valued at $82,821,000 after buying an additional 20,404 shares during the period. Wells Fargo & Company MN raised its stake in shares of DineEquity by 17.3% in the second quarter. Wells Fargo & Company MN now owns 886,539 shares of the restaurant operator’s stock valued at $39,051,000 after buying an additional 130,946 shares during the period. Finally, State Street Corp raised its stake in shares of DineEquity by 10.3% in the first 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. Institutional investors and hedge funds own 88.88% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “DineEquity, Inc (DIN) Announces Quarterly Earnings Results” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/11/dineequity-inc-din-announces-quarterly-earnings-results.html.
About DineEquity
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 MarketBeat.com's FREE daily email newsletter.
