Zacks Investment Research Lowers DineEquity, Inc (DIN) to Sell

Zacks Investment Research lowered shares of DineEquity, Inc (NYSE:DIN) from a hold rating to a sell rating in a research note published on Monday.

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 research analysts have also commented on DIN. Maxim Group upped their price target on shares of DineEquity from $55.00 to $62.00 and gave the company a buy rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub upgraded shares of DineEquity from a strong sell rating to a sell rating in a research note on Saturday, August 19th. Raymond James Financial, Inc. reiterated a market perform rating on shares of DineEquity in a research note on Monday, July 24th. Finally, ValuEngine lowered shares of DineEquity from a buy rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $57.64.

DineEquity (NYSE DIN) opened at $45.18 on Monday. The firm has a market cap of $811.45, a PE ratio of 9.40 and a beta of 0.52. DineEquity has a 52 week low of $36.71 and a 52 week high of $88.00. 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 data on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The company had revenue of $144.67 million for the quarter, compared to analyst estimates of $146.92 million. During the same period in the previous year, the business earned $1.46 EPS. DineEquity’s revenue for the quarter was down 7.3% compared to the same quarter last year. research analysts predict that DineEquity will post 4.06 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, January 12th. Shareholders of record on Monday, December 18th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.59%. DineEquity’s payout ratio is presently -17.77%.

In other DineEquity news, Director Larry Alan Kay sold 778 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the transaction, the director now owns 8,513 shares in the company, valued at approximately $384,276.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Several institutional investors have recently modified their holdings of DIN. State of Alaska Department of Revenue lifted its holdings in shares of DineEquity by 80.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 1,482 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of DineEquity by 2.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 100 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of DineEquity during the 3rd quarter worth approximately $189,000. Crossmark Global Holdings Inc. bought a new stake in shares of DineEquity during the 3rd quarter worth approximately $228,000. Finally, WBI Investments Inc. bought a new stake in shares of DineEquity during the 2nd quarter worth approximately $230,000. 92.12% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for DineEquity (NYSE:DIN)

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