NEW YORK (TheStreet) -- Shares of DineEquity Inc. (DIN) - Get Report are higher by 6.64% to $83.99 in early afternoon trading on Tuesday, after the company reported an increase in adjusted net income to $22.1 million, or $1.16 per diluted share for the 2014 second quarter, compared to $19.7 million, or $1.02 per diluted share for the same period last year.
The company, which owns and franchises the Applebee's and IHOP restaurant chains, said GAAP net income increased to $18.9 million, or $1 per diluted share for the most recent quarter, from $16.6 million, or 87 cents per diluted share for the 2013 second quarter.
DineEquity's total segment revenue for the latest quarter was $160.5 million versus $158.1 million for the comparable 2013 quarter.
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Separately, TheStreet Ratings team rates DINEEQUITY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DINEEQUITY INC (DIN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."