DineEquity Inc. (DIN) Stock Price Down 3.5%
DineEquity Inc. (NYSE:DIN)’s share price fell 3.5% during mid-day trading on Tuesday . The company traded as low as $81.04 and last traded at $81.08, with a volume of 101,996 shares. The stock had previously closed at $83.98.
A number of research firms have recently issued reports on DIN. Zacks Investment Research cut DineEquity from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Nomura Holdings Inc. began coverage on DineEquity in a report on Wednesday, April 20th. They issued a “buy” rating and a $107.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $98.25.
The firm’s 50 day moving average price is $83.53 and its 200-day moving average price is $86.42. The company has a market capitalization of $1.49 billion and a P/E ratio of 14.97.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, May 5th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.11. The business had revenue of $163.50 million for the quarter, compared to the consensus estimate of $165.98 million. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 17th were issued a dividend of $0.92 per share. The ex-dividend date was Wednesday, June 15th. This represents a $3.68 dividend on an annualized basis and a yield of 4.54%.
Other large investors have added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in DineEquity by 5.9% in the fourth quarter. Rhumbline Advisers now owns 25,091 shares of the company’s stock worth $2,124,000 after buying an additional 1,405 shares during the period. California State Teachers Retirement System raised its stake in shares of DineEquity by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 31,385 shares of the company’s stock worth $2,657,000 after buying an additional 412 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of DineEquity by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 34,400 shares of the company’s stock worth $2,913,000 after buying an additional 400 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of DineEquity during the fourth quarter worth $4,963,000. Finally, Marshall Wace LLP purchased a new stake in shares of DineEquity during the fourth quarter worth $5,879,000.
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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