The SVP, Corp. Contr of DineEquity Inc (NYSE: DIN) is Buying Shares

By Carrie Williams

Today, the SVP, Corp. Contr of DineEquity Inc (NYSE: DIN), Greggory Kalvin, bought shares of DIN for $200.5K.

Following this transaction Greggory Kalvin’s holding in the company was increased by 57.35% to a total of $663.7K.

The company has a one year high of $98.82 and a one year low of $75.05. DIN’s market cap is $1.49B and the company has a P/E ratio of 15.00. Currently, DineEquity Inc has an average volume of 234.7K.

Seven different firms, including J.P. Morgan and KeyBanc, currently also have a Buy rating on the stock. Starting in October 2015, DIN received 6 Buy ratings in a row.

The insider sentiment on DineEquity Inc has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

DineEquity, Inc. owns and franchises casual and family dining restaurants. It operates through the following segments: Franchise Operations, Rental operations, Company Restaurant Operations, and Financing Operations. The Franchise Operations segment comprises of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants. The Rental Operations segment covers rental income derived from lease or sublease agreements covering IHOP and Applebee’s franchised restaurants. The Company Restaurant Operations includes retail sales from IHOP company-operated restaurants. The Financing Operations segment is in charge of interest income from receivables for equipment leases and franchise fee notes generally associated with IHOP franchised restaurants developed before 2003. The company was founded by Jerry Lapin, Al Lapin, Jr. and Albert Kallis on July 7, 1958 and is headquartered in Glendale, CA.