DineEquity Inc. (DIN) Sees Strong Trading Volume
DineEquity Inc. (NYSE:DIN) shares saw unusually-high trading volume on Wednesday . Approximately 320,240 shares were traded during trading, an increase of 98% from the previous session’s volume of 161,851 shares.The stock last traded at $77.99 and had previously closed at $76.97.
DIN has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded DineEquity from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Standpoint Research initiated coverage on DineEquity in a research report on Tuesday, August 9th. They set a “buy” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $97.60.
The company’s 50-day moving average price is $78.74 and its 200 day moving average price is $85.28. The stock has a market capitalization of $1.42 billion and a P/E ratio of 14.29.
DineEquity (NYSE:DIN) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.59. During the same quarter in the prior year, the company earned $1.53 earnings per share. The firm had revenue of $160.25 million for the quarter, compared to analyst estimates of $161.76 million. The business’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that DineEquity Inc. will post $6.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.68 annualized dividend and a yield of 4.72%.
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.