DineEquity Inc. (DIN) Reaches New 52-Week Low at $75.05
Shares of DineEquity Inc. (NYSE:DIN) hit a new 52-week low on Tuesday . The company traded as low as $75.05 and last traded at $76.48, with a volume of 98,551 shares traded. The stock had previously closed at $75.39.
A number of analysts have recently weighed in on the stock. Nomura assumed coverage on shares of DineEquity in a research note on Wednesday, April 20th. They issued a “buy” rating and a $107.00 price target for the company. Zacks Investment Research lowered shares of DineEquity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Standpoint Research assumed coverage on shares of DineEquity in a research note on Tuesday. They issued a “buy” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. DineEquity currently has a consensus rating of “Buy” and a consensus target price of $97.60.
The company has a 50 day moving average price of $81.74 and a 200-day moving average price of $86.02. The firm has a market cap of $1.37 billion and a price-to-earnings ratio of 13.80.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.59. The business earned $160.25 million during the quarter, compared to analyst estimates of $161.76 million. During the same quarter in the prior year, the company posted $1.53 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts predict that DineEquity Inc. will post $6.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Wednesday, September 14th.
Other large investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted 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 period. Marshall Wace LLP purchased a new stake in shares of DineEquity during the fourth quarter worth about $5,879,000. Principal Financial Group Inc. boosted its stake in shares of 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. Nicholas Co. Inc. WI boosted its stake in shares of 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. Finally, Wells Fargo & Company MN boosted its stake in shares of 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 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.
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.