DineEquity Inc. to Close More Than 100 Applebee's Restaurants

Judith Bessette
Agosto 12, 2017

BlackRock Inc. now owns 2,055,863 shares of the restaurant operator's stock worth $111,881,000 after buying an additional 2,052,782 shares during the period.

Several other brokerages also recently commented on DIN. 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 last quarter. State of Alaska Department of Revenue boosted its position in shares of DineEquity by 80.1% in the second quarter. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.20 by $0.10. Federated Investors Inc. PA acquired a new stake in shares of DineEquity during the fourth quarter worth approximately $1,166,000. Vanguard Group Inc. raised its stake in shares of DineEquity by 1.4% in the first quarter.

Shares of DineEquity (DIN) traded up 2.34% during mid-day trading on Friday, reaching $39.72. The firm has a market capitalization of $714.17 million, a P/E ratio of 8.35 and a beta of 0.39. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00. The company has a 50-day moving average price of $46.46 and a 200 day moving average price of $58.98. In the latest earnings report the EPS was $4.76 and is projected to be $4.60 for the current year with 17,980,000 shares now outstanding. The firm had revenue of $156.17 million during the quarter, compared to analyst estimates of $158.77 million. DineEquity had a net margin of 13.85% and a return on equity of 40.48%. The firm's revenue was down 3.2% compared to the same quarter a year ago. Next quarter's EPS is forecasted to be $1.08 and the next full year EPS is anticipated to be $4.86. Shareholders of record on Monday, September 18th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity's dividend payout ratio (DPR) is now 81.68%.

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Media coverage about DineEquity (NYSE:DIN) has been trending somewhat positive recently, Accern Sentiment reports. Finally, Maxim Group reduced their price objective on shares of DineEquity from $77.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Raymond James Financial, Inc. reaffirmed a "market perform" rating on shares of DineEquity in a research report on Monday, July 24th.

DineEquity, the parent company, said on Thursday that as many as 160 locations could be shut down. ValuEngine cut shares of DineEquity from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. DineEquity now has a consensus rating of "Buy" and a consensus price target of $67.80.

In other news, Director Stephen P. Joyce purchased 2,265 shares of the company's stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. The Director now owns $327,188 of the stock per the Form 4 SEC filing. Company insiders own 2.15% of the company's stock.

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