DineEquity Sees Unusually Large Options Volume (DIN)

DineEquity Inc (NYSE:DIN) saw unusually large options trading activity on Monday. Investors bought 4,786 put options on the stock. This represents an increase of 3,294% compared to the average daily volume of 141 put options.

Several research analysts have commented on DIN shares. Maxim Group raised their target price on shares of DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. ValuEngine upgraded shares of DineEquity from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, January 31st. Finally, TheStreet cut shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DineEquity has an average rating of “Hold” and a consensus price target of $59.80.

DineEquity (NYSE:DIN) traded up $3.59 during trading hours on Wednesday, hitting $67.03. 1,387,957 shares of the stock were exchanged, compared to its average volume of 365,386. DineEquity has a 12 month low of $36.71 and a 12 month high of $67.96. The company has a market capitalization of $983.41, a price-to-earnings ratio of -3.07 and a beta of 0.51. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39.

DineEquity (NYSE:DIN) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The company had revenue of $148.78 million for the quarter, compared to analyst estimates of $147.98 million. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. research analysts expect that DineEquity will post 4.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 19th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Sunday, March 18th. DineEquity’s dividend payout ratio (DPR) is currently -17.77%.

Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in DineEquity during the third quarter worth $189,000. LPL Financial LLC bought a new position in DineEquity during the fourth quarter worth $207,000. Crossmark Global Holdings Inc. bought a new position in DineEquity during the third quarter worth $228,000. UBS Asset Management Americas Inc. acquired a new stake in DineEquity during the fourth quarter worth $228,000. Finally, Wedbush Securities Inc. acquired a new stake in DineEquity during the fourth quarter worth $280,000. 96.93% of the stock is currently owned by institutional investors and hedge funds.

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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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