DineEquity (DIN) Trading Up 1.7%

DineEquity Inc (NYSE:DIN) was up 1.7% during mid-day trading on Thursday . The stock traded as high as $67.96 and last traded at $68.19. Approximately 263,048 shares changed hands during trading, a decline of 27% from the average daily volume of 361,128 shares. The stock had previously closed at $67.03.

DIN has been the topic of a number of recent research reports. Maxim Group boosted their target price on shares of DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. TheStreet cut shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Finally, ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.97.

The company has a quick ratio of 1.39, a current ratio of 1.34 and a debt-to-equity ratio of -9.35. The company has a market capitalization of $1,238.26, a PE ratio of -3.76 and a beta of 0.51.

DineEquity (NYSE:DIN) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. DineEquity had a negative net margin of 54.71% and a positive return on equity of 230.88%. The business had revenue of $148.78 million for the quarter, compared to analysts’ expectations of $147.98 million. During the same period in the previous year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts forecast that DineEquity Inc will post 5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be given a dividend of $0.63 per share. The ex-dividend date is Sunday, March 18th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.65%. DineEquity’s payout ratio is currently -21.16%.

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. Cubist Systematic Strategies LLC acquired a new stake in DineEquity in the third quarter valued at $189,000. LPL Financial LLC acquired a new stake in DineEquity in the fourth quarter valued at $207,000. Crossmark Global Holdings Inc. acquired a new stake in DineEquity in the third quarter valued at $228,000. UBS Asset Management Americas Inc. acquired a new stake in DineEquity in the fourth quarter valued at $228,000. Finally, Wedbush Securities Inc. acquired a new stake in DineEquity in the fourth quarter valued at $280,000. 96.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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