No details yet on 160 Applebee's, IHOP stores slated to close

There are plans to shutter up to 160 Applebee's and IHOP locations according to parent DineEquity

There are plans to shutter up to 160 Applebee's and IHOP locations according to parent DineEquity

Shares of DineEquity, Inc (NYSE:DIN) opened at 38.81 on Friday.

DineEquity, Inc (NYSE:DIN) had its price objective reduced by Maxim Group from $77.00 to $55.00 in a research report report published on Tuesday, Marketbeat.com reports. Company insiders own 2.15% of the company's stock. FMR LLC now owns 1,691,509 shares of the restaurant operator's stock worth $92,052,000 after buying an additional 789,603 shares in the last quarter. Finally, Instinet upped their price objective on DineEquity from $55.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. ValuEngine cut shares of DineEquity from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. KBC Group NV purchased a new position in shares of DineEquity during the first quarter worth $3,803,000. DineEquity's revenue was down 3.2% compared to the same quarter previous year. DineEquity now has a consensus rating of "Buy" and a consensus price target of $67.80. Federated Investors Inc. PA acquired a new stake in shares of DineEquity during the fourth quarter worth approximately $1,166,000. The firm has a market capitalization of $714.17 million, a price-to-earnings ratio of 8.35 and a beta of 0.39.

DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. DineEquity has a one year low of $36.71 and a one year high of $88.00. During the same quarter previous year, the company earned $1.59 EPS. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator's stock worth $146,000 after buying an additional 1,482 shares during the last quarter. The company has a 50-day moving average price of $42.15 and a 200-day moving average price of $51.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, September 15th. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and global trademark and copyright laws. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. This represents a $3.88 dividend on an annualized basis and a dividend yield of 9.77%. The shares were bought on June 15th for a price of $44.71. DineEquity's dividend payout ratio (DPR) is presently 81.68%. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/dineequity-inc-din-expected-to-post-earnings-of-1-20-per-share-updated-updated-updated/1215875.html. Following the purchase, the director now directly owns 5,488 shares of the company's stock, valued at $241,856.16.

DineEquity, Inc, through 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. Institutional investors and hedge funds own 88.88% of the company's stock.

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