DineEquity Inc (DIN) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $94. Maxim Group advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on DineEquity Inc. DineEquity Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Sep 7, 2016. DineEquity Inc was Initiated by Standpoint Research to “Buy” on Aug 9, 2016.
On the company’s financial health, DineEquity Inc reported $1.59 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $1.59. The company had revenue of $160.30 million for the quarter, compared to analysts expectations of $161.40 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.53 EPS.
DineEquity Inc opened for trading at $79.91 and hit $80.3712 on the upside on Tuesday, eventually ending the session at $80.09, with a gain of 0.24% or 0.19 points. The heightened volatility saw the trading volume jump to 1,95,791 shares. Company has a market cap of $1,459 M.
In a different news, on Sep 19, 2016, John Jakubek (SVP, HUMAN RESOURCES) sold 7,500 shares at $76.67 per share price. According to the SEC, on Mar 7, 2016, Bryan R Adel (SVP, LEGAL, GC AND SECRETARY) sold 5,000 shares at $94.22 per share price. On Mar 2, 2016, Larry Alan Kay (director) sold 1,300 shares at $91.62 per share price, according to the Form-4 filing with the securities and exchange commission.
DineEquity Inc. owns franchises and operates two restaurant concepts: Applebee’s Neighborhood Grill & Bar (Applebee’s) in the bar and grill segment within the casual dining category of the restaurant industry and International House of Pancakes (IHOP) in the family dining category of the restaurant industry. The Company operates in four segments: Franchise operations which consists of approximately 1994 Applebees franchised restaurants and approximately 1639 IHOP franchised and area licensed restaurants; Rental operations which include lease or sublease agreements covering 709 IHOP franchised restaurants and one Applebees franchised restaurant; Company restaurant operations which include approximately 23 Applebees company-operated restaurants and approximately 11 IHOP company-operated restaurants and Financing operations which include revenue of interest income from the financing of franchise fees and equipment leases.