Maxim Group Just Issued “Buy” Rating on DineEquity Inc (DIN)

DineEquity Inc (DIN) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 84 from a previous price target of $94 . Maxim Group advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , DineEquity Inc was Downgraded by Raymond James to ” Mkt Perform” on Feb 17, 2017. DineEquity Inc was Downgraded by Instinet to ” Neutral” on Jan 24, 2017.

On the company’s financial health, DineEquity Inc reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.40. The company had revenue of $156.00 million for the quarter, compared to analysts expectations of $160.98 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.

Several company insiders have filed Insider transactions , on Jan 19, 2017, John Jakubek (SVP, HUMAN RESOURCES) sold 34,316 shares at $74.39 per share price. According to the SEC, on Dec 1, 2016, Howard M Berk (director) sold 26,500 shares at $84.88 per share price. On Nov 14, 2016, Greggory Kalvin (SVP, CORPORATE CONTROLLER) purchased 2,466 shares at $81.32 per share price, according to the Form-4 filing with the securities and exchange commission.

DineEquity Inc closed down -6.41 points or -9.63% at $60.14 with 14,58,507 shares getting traded on Friday. Post opening the session at $65.99, the shares hit an intraday low of $59.89 and an intraday high of $65.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Applebee’s 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 Applebee’s franchised restaurant; Company restaurant operations which include approximately 23 Applebee’s 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.

DineEquity Inc

Add Comment