Somewhat Favorable Press Coverage Somewhat Unlikely to Impact DineEquity (DIN) Stock Price
Press coverage about DineEquity (NYSE:DIN) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DineEquity earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 47.8724007601269 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-DineEquity Inc posts Q2 adj. earnings per share $1.30 (businessinsider.com)
- Business briefs: PNC Bank to close three area branches; DineEquity could close up to 160 Applebee’s and IHOPs … – Pittsburgh Post-Gazette (post-gazette.com)
- DineEquity Inc (DIN) Awesome Oscillator Trending Lower – Evergreen Caller (evergreencaller.com)
- DineEquity (DIN) Q2 Earnings Beat, Revenues Lag, Stock Up – Nasdaq (nasdaq.com)
- DineEquity, Inc. Announces Third Quarter 2017 Dividend – PR Newswire (press release) (prnewswire.com)
Shares of DineEquity (NYSE:DIN) traded up 2.34% during midday trading on Friday, hitting $39.72. 662,113 shares of the company’s stock traded hands. The stock has a market cap of $714.32 million, a P/E ratio of 8.84 and a beta of 0.39. The company has a 50 day moving average of $42.05 and a 200 day moving average of $51.51. DineEquity has a 52 week low of $36.71 and a 52 week high of $88.00.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. During the same quarter in the prior year, the company posted $1.59 earnings per share. DineEquity’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that DineEquity will post $4.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 18th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.88 annualized dividend and a yield of 9.77%. DineEquity’s dividend payout ratio is 86.61%.
A number of research firms recently weighed in on DIN. Vetr lowered shares of DineEquity from a “buy” rating to a “hold” rating and set a $58.82 price objective on the stock. in a research report on Wednesday, April 26th. Maxim Group reiterated a “buy” rating and issued a $77.00 price objective on shares of DineEquity in a research report on Friday, April 28th. Nomura restated a “hold” rating and set a $55.00 target price on shares of DineEquity in a research report on Monday, April 17th. Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Instinet boosted their target price on shares of DineEquity from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, May 4th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $56.47.
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In other DineEquity news, Director Stephen P. Joyce acquired 2,265 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the purchase, the director now directly owns 5,488 shares of the company’s stock, valued at $241,856.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.15% of the stock is owned by corporate insiders.
DineEquity Company Profile
DineEquity, Inc, through 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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