DineEquity (DIN) Raised to Hold at Zacks Investment Research

DineEquity (NYSE:DIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “DineEquity, Inc. was created from a foundation established by IHOP – an American icon to their guests and a franchising company focused on providing strategic, visionary leadership for their franchisees, unparalleled opportunities for our team members, and enhancing value for their shareholders. By bringing Applebee’s together with IHOP in November 2007, they made a bold, new commitment to their brand-revitalization abilities and to the power of franchising. DineEquity has successfully made their two businesses more powerful and more successful than either brand could have been apart. Their dedicated focus combined with a core expertise in brand revitalization and franchising know-how is the basis for the winning formula that has defined the financial success of their business in recent years. As reported by Nation’s Restaurant News, Applebee’s and IHOP are the category leaders in casual and family dining. “

A number of other brokerages also recently weighed in on DIN. TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Maxim Group boosted their target price on DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. DineEquity has an average rating of “Hold” and a consensus target price of $57.64.

Shares of DineEquity (NYSE:DIN) traded up $0.82 during midday trading on Monday, hitting $53.42. The stock had a trading volume of 275,600 shares, compared to its average volume of 245,278. DineEquity has a 12-month low of $36.71 and a 12-month high of $77.09. The stock has a market cap of $960.93, a P/E ratio of -2.44 and a beta of 0.51. The company has a debt-to-equity ratio of -6.40, a current ratio of 1.39 and a quick ratio of 1.39.

DineEquity (NYSE:DIN) last announced its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. The firm had revenue of $144.67 million for the quarter, compared to the consensus estimate of $146.92 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. research analysts expect that DineEquity will post 4.06 earnings per share for the current fiscal year.

In related news, Director Larry Alan Kay sold 778 shares of DineEquity stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the sale, the director now owns 8,513 shares of the company’s stock, valued at approximately $384,276.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.15% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in DineEquity during the 3rd quarter valued at $189,000. Crossmark Global Holdings Inc. bought a new stake in DineEquity during the 3rd quarter valued at $228,000. Oppenheimer & Co. Inc. bought a new stake in DineEquity during the 2nd quarter valued at $244,000. BNP Paribas Arbitrage SA raised its holdings in DineEquity by 84.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,500 shares of the restaurant operator’s stock valued at $286,000 after acquiring an additional 2,973 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its holdings in DineEquity by 69.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the restaurant operator’s stock valued at $291,000 after acquiring an additional 2,780 shares during the period. 92.66% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for DineEquity (NYSE:DIN)

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