DineEquity, Inc (NYSE:DIN) was downgraded by investment analysts at Citigroup Inc. to a “market perform” rating in a report issued on Friday, The Fly reports.
A number of other brokerages have also weighed in on DIN. KeyCorp lowered shares of DineEquity from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 17th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of DineEquity from a “hold” rating to a “sell” rating in a research report on Monday, January 23rd. Instinet lowered shares of DineEquity from a “buy” rating to a “neutral” rating and set a $77.00 target price for the company. in a research report on Tuesday, January 24th. Finally, Nomura lowered shares of DineEquity from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $77.00 in a research report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. DineEquity currently has a consensus rating of “Hold” and an average price target of $87.40.
DineEquity (NYSE:DIN) traded down 5.30% during trading on Friday, reaching $63.02. 328,826 shares of the company were exchanged. The firm’s 50-day moving average is $71.28 and its 200 day moving average is $77.73. DineEquity has a one year low of $62.87 and a one year high of $98.82. The company has a market capitalization of $1.14 billion, a P/E ratio of 11.45 and a beta of 0.45.
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In other DineEquity news, Director Msd Capital L. P sold 26,500 shares of DineEquity stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $85.41, for a total transaction of $2,263,365.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Jakubek sold 34,316 shares of DineEquity stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $74.39, for a total transaction of $2,552,767.24. Following the sale, the senior vice president now owns 13,956 shares of the company’s stock, valued at $1,038,186.84. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.
A number of large investors have recently made changes to their positions in DIN. Teacher Retirement System of Texas raised its stake in shares of DineEquity by 13.4% in the second quarter. Teacher Retirement System of Texas now owns 2,343 shares of the company’s stock valued at $199,000 after buying an additional 277 shares during the last quarter. TradeLink Capital LLC acquired a new position in DineEquity during the third quarter valued at approximately $207,000. Alambic Investment Management L.P. acquired a new position in DineEquity during the third quarter valued at approximately $210,000. TD Asset Management Inc. acquired a new position in DineEquity during the third quarter valued at approximately $214,000. Finally, Trexquant Investment LP acquired a new position in DineEquity during the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 96.85% of the company’s stock.
DineEquity Company Profile
DineEquity, Inc, together with its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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