DineEquity Inc. (DIN) Reaches New 1-Year Low at $75.36
DineEquity Inc. (NYSE:DIN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $75.36 and last traded at $76.75, with a volume of 187,437 shares traded. The stock had previously closed at $80.19.
Several research analysts have issued reports on DIN shares. Zacks Investment Research lowered shares of DineEquity from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Nomura started coverage on shares of DineEquity in a report on Wednesday, April 20th. They set a “buy” rating and a $107.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. DineEquity has a consensus rating of “Hold” and an average price target of $98.25.
The company has a market capitalization of $1.41 billion and a P/E ratio of 14.12. The firm’s 50 day moving average is $82.90 and its 200-day moving average is $86.32.
DineEquity (NYSE:DIN) last issued its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.59. The firm earned $160.25 million during the quarter, compared to analysts’ expectations of $161.76 million. During the same period in the prior year, the company earned $1.53 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts expect that DineEquity Inc. will post $6.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Wednesday, September 14th.
A number of hedge funds have recently modified their holdings of DIN. RS Investment Management Co. LLC raised its stake in DineEquity by 35.9% in the fourth quarter. RS Investment Management Co. LLC now owns 622,354 shares of the company’s stock worth $52,695,000 after buying an additional 164,375 shares during the period. Nicholas Co. Inc. WI raised its stake in DineEquity by 112.4% in the fourth quarter. Nicholas Co. Inc. WI now owns 277,506 shares of the company’s stock worth $23,496,000 after buying an additional 146,826 shares during the period. Dimensional Fund Advisors LP raised 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 period. Marshall Wace LLP bought a new stake in DineEquity during the fourth quarter worth $5,879,000. Finally, Principal Financial Group Inc. raised 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 period.
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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