DineEquity, Inc (NYSE:DIN) Director Msd Capital L. P purchased 39,689 shares of the stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $39.23 per share, for a total transaction of $1,556,999.47. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
DineEquity, Inc (DIN) traded up 2.35% on Friday, hitting $40.99. The company had a trading volume of 652,303 shares. DineEquity, Inc has a one year low of $36.71 and a one year high of $88.00. The stock has a market capitalization of $737.74 million, a PE ratio of 9.13 and a beta of 0.39. The stock has a 50 day moving average of $41.56 and a 200-day moving average of $50.69.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. DineEquity’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.59 earnings per share. Equities analysts anticipate that DineEquity, Inc will post $4.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.88 dividend on an annualized basis and a yield of 9.47%. DineEquity’s dividend payout ratio (DPR) is currently 86.61%.
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Several research firms have weighed in on DIN. Zacks Investment Research lowered DineEquity from a “buy” rating to a “hold” rating in a research report on Monday. Maxim Group lowered their price target on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Instinet boosted their price target on DineEquity from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. DineEquity currently has an average rating of “Buy” and an average target price of $56.47.
A number of hedge funds have recently modified their holdings of DIN. Glen Harbor Capital Management LLC raised its stake in shares of DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the period. Americafirst Capital Management LLC acquired a new stake in shares of DineEquity during the first quarter worth approximately $147,000. State of Alaska Department of Revenue raised 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 worth $146,000 after buying an additional 1,482 shares during the period. Russell Investments Group Ltd. raised 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 worth $190,000 after buying an additional 3,348 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of DineEquity by 37.8% in the fourth quarter. Guggenheim Capital LLC now owns 3,566 shares of the restaurant operator’s stock worth $275,000 after buying an additional 979 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.
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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