Standpoint Research Initiates Coverage on DineEquity Inc(NYSE:DIN). The shares have been rated Buy. The rating by Standpoint Research was issued on Aug 9, 2016.
DineEquity Inc (DIN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.32% or 0.24 points. Due to strong positive momentum, the stock ended at $75.69, which is also near the day’s high of $75.77. The stock began the session at $75.33 and the volume stood at 1,44,424 shares. The 52-week high of the shares is $102.88 and the 52 week low is $75.05. The company has a current market capitalization of $1,379 M and it has 1,82,12,611 shares in outstanding.
DineEquity Inc has also declared a cash dividend of $0.9200 on Jul 28, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Oct 7, 2016.
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 Mar 7, 2016, Bryan R Adel (SVP, LEGAL, GC AND SECRETARY) sold 5,000 shares at $94.22 per share price.Also, 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.