DineEquity Inc (DIN) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Sep 7, 2016.
Many Wall Street Analysts have commented on DineEquity Inc. 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 closed down -0.24 points or -0.31% at $77.75 with 3,58,053 shares getting traded on Thursday. Post opening the session at $78.21, the shares hit an intraday low of $77.04 and an intraday high of $78.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 28, 2016, DineEquity Inc announced a cash dividend of $0.9200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 7, 2016.
In a different news, on Mar 7, 2016, Bryan R Adel (SVP, LEGAL, GC AND SECRETARY) sold 5,000 shares at $94.22 per share price. According to the SEC, on Mar 2, 2016, Larry Alan Kay (director) sold 1,300 shares at $91.62 per share price. On Mar 1, 2016, Greggory Kalvin (SVP, CORPORATE CONTROLLER) sold 2,448 shares at $90.97 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.