Maxim Group Initiates Coverage on DineEquity Inc to Buy

Maxim Group Initiates Coverage on DineEquity Inc(NYSE:DIN). The shares have been rated Buy. The rating by Maxim Group was issued on Sep 30, 2016.

In a different note, On Sep 7, 2016, KeyBanc said it Upgrades its rating on DineEquity Inc. The shares have been rated ‘Overweight’ by the firm. Standpoint Research said it Initiates Coverage on DineEquity Inc, according to a research note issued on Aug 9, 2016. The shares have been rated ‘Buy’ by the firm.

DineEquity Inc (DIN) made into the market gainers list on Tuesdays trading session with the shares advancing 0.15% or 0.12 points. Due to strong positive momentum, the stock ended at $78.97, which is also near the day’s high of $79.8485. The stock began the session at $79.27 and the volume stood at 99,474 shares. The 52-week high of the shares is $98.82 and the 52 week low is $75.05. The company has a current market capitalization of $1,438 M and it has 1,82,12,611 shares in outstanding.

DineEquity Inc(DIN) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $160.26M. Analysts had an estimated revenue of $161.76M. Earnings per share were $1.59. Analysts had estimated an EPS of $1.59.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, John Jakubek (SVP, HUMAN RESOURCES) sold 7,500 shares at $76.67 per share price.Also, 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 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.

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