DineEquity Inc. (DIN) Reaches New 1-Year Low at $75.05
DineEquity Inc. (NYSE:DIN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $75.05 and last traded at $76.48, with a volume of 98,551 shares trading hands. The stock had previously closed at $75.39.
DIN has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of DineEquity from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Standpoint Research initiated coverage on shares of DineEquity in a research note on Tuesday. They issued a “buy” rating for the company. Finally, Nomura initiated coverage on shares of DineEquity in a research note on Wednesday, April 20th. They issued a “buy” rating and a $107.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. DineEquity currently has a consensus rating of “Buy” and an average price target of $98.25.
The company has a market capitalization of $1.38 billion and a PE ratio of 13.88. The firm has a 50-day moving average price of $82.09 and a 200 day moving average price of $86.14.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.59. The business had revenue of $160.25 million for the quarter, compared to the consensus estimate of $161.76 million. During the same period in the previous year, the business posted $1.53 EPS. DineEquity’s revenue was down 6.5% on a year-over-year basis. On average, equities research analysts predict that DineEquity Inc. will post $6.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Wednesday, September 14th.
Other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its position 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 in the last quarter. Wells Fargo & Company MN boosted its stake in DineEquity by 56.3% in the fourth quarter. Wells Fargo & Company MN now owns 405,233 shares of the company’s stock worth $34,311,000 after buying an additional 145,944 shares during the last quarter. Principal Financial Group Inc. boosted its stake in DineEquity by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 110,638 shares of the company’s stock worth $9,368,000 after buying an additional 866 shares during the last quarter. Marshall Wace LLP bought a new stake in DineEquity during the fourth quarter worth approximately $5,879,000. Finally, Dimensional Fund Advisors LP boosted its stake in DineEquity by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 694,595 shares of the company’s stock worth $58,812,000 after buying an additional 43,190 shares during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.