Dozens of Applebee's, IHOP Restaurants to Close

Contrasting DineEquity (NYSE:DIN) & Starbucks Corporation (SBUX)

Two analysts have provided estimates for DineEquity's earnings. For all of 2107, Applebee's sales declined 7%, while IHOP's declined 2.1% overall. Equities research analysts expect DineEquity to earn $5.17 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 75.0%. DIN's SI was 2.61 million shares in August as released by FINRA. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for DineEquity.

Glendale, California-based DineEquity Inc.'s (NYSE: DIN) announcement of the closures significantly raises the number of store closings that it previously announced.

DIN has been the subject of a number of other reports. Maxim Group now has a buy rating on the stock.

On April 20, 2016 Nomura started coverage with a rating of "Buy". Maxim Group reduced their target price on shares of DineEquity from $77.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday. ValuEngine cut DineEquity from a buy rating to a hold rating in a report on Friday, June 2nd. Instinet boosted their price target on DineEquity from $55.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday, May 4th.

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The exorbitant prices is bolstering the claim that the hotel is, essentially, a way to buy favor and influence with the president. From January to April, the average daily room rate was $660 compared with $495 for similar hotels, according to the documents.

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But the sales shortages haven't hurt sales, because the Nintendo Switch has sold 4.7million units worldwide since launch. Nintendo's Joy-Cons also work as a pair of wireless controllers for co-operative play when detached from the Switch .

TODAY'S FORECAST: Mostly cloudy, chance of showers and thunderstorms
As an added bonus, Sunday night should be comfortable for sleeping as high pressure builds over us! Skies look mainly dry. Showers and thunderstorms will pop up the next couple of afternoons, with a few strong storms possible.

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DineEquity, Inc (DIN) traded up 8.085% on Thursday, reaching $40.305.

DineEquity, Inc now has a P/E ratio of 8.16 and the market cap of the company is 697.80M. The company's 50-day moving average is $42.25 and its 200-day moving average is $51.84. Investors of record on Monday, September 18th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 15th. DineEquity has a payout ratio of 80.7% meaning its dividend is now covered by earnings, but may not be in the future if the company's earnings decline.

DineEquity stock (DIN) rose $1.52, or around 4 percent, on Thursday to close at $38.81 on the New York Stock Exchange. The value of the total investment in DineEquity, Inc went from $677,000 to $204,000 decreasing 69.9% for the reporting period. The firm bought 30,943 shares of the restaurant operator's stock, valued at approximately $1,363,000. The disclosure for this purchase can be found here. Insiders own 2.15% of the company's stock. Parametric Portfolio Associates LLC increased its position in shares of DineEquity by 22.6% in the first quarter. State of Alaska Department of Revenue increased its position in DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue's holdings in DineEquity were worth $146,000 as of its most recent SEC filing. LSV Asset Management acquired a new stake in DineEquity during the first quarter worth $957,000. This represents a $3.88 dividend on an annualized basis and a yield of 10.00%.

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