DineEquity Inc (DIN) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of DineEquity Inc (NYSE:DIN) from a hold rating to a buy rating in a research note released on Monday, July 24th. They currently have $49.00 target price on the restaurant operator’s stock.

According to Zacks, “IHOP Corp. develops, franchises and operates International House of Pancakes restaurants. IHOP restaurants feature moderately-priced, high-quality food and beverage items, and table service in an attractive and comfortable atmosphere. Although IHOP restaurants are best known for their award-winning pancakes, omelets and other breakfast specialties, IHOP restaurants are open throughout the day and evening hours and offer a broad array of lunch, dinner and snack items as well. “

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial, Inc. restated a market perform rating on shares of DineEquity in a research note on Monday, July 24th. ValuEngine cut shares of DineEquity from a buy rating to a hold rating in a research report on Friday, June 2nd. Instinet increased their target price on shares of DineEquity from $55.00 to $58.00 and gave the stock a neutral rating in a research report on Thursday, May 4th. Vetr upgraded shares of DineEquity from a buy rating to a strong-buy rating and set a $61.82 target price for the company in a research report on Wednesday, May 3rd. Finally, Maxim Group reiterated a buy rating and set a $77.00 target price on shares of DineEquity in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $56.47.

DineEquity (NYSE DIN) traded up 2.34% during midday trading on Monday, reaching $39.72. The company’s stock had a trading volume of 662,113 shares. The firm has a market capitalization of $714.32 million, a P/E ratio of 8.84 and a beta of 0.39. The company’s 50-day moving average is $42.05 and its 200 day moving average is $51.51. DineEquity has a 52 week low of $36.71 and a 52 week high of $88.00.

DineEquity (NYSE:DIN) last announced its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a net margin of 13.71% and a return on equity of 33.81%. The company had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Analysts expect that DineEquity will post $4.60 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 9.77%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s dividend payout ratio (DPR) is presently 86.61%.

In other news, Director Stephen P. Joyce acquired 2,265 shares of DineEquity stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $44.07 per share, with a total value of $99,818.55. Following the purchase, the director now directly owns 5,488 shares of the company’s stock, valued at $241,856.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Glen Harbor Capital Management LLC raised its position in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 136 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of DineEquity by 80.1% in 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 buying an additional 1,482 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of DineEquity during the first quarter valued at approximately $147,000. Municipal Employees Retirement System of Michigan increased its stake in shares of DineEquity by 2.6% in 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 buying an additional 100 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 3,348 shares during the period. 88.88% of the stock is currently 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.

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Analyst Recommendations for DineEquity (NYSE:DIN)

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