Somewhat Critical Media Coverage Somewhat Unlikely to Affect DineEquity (DIN) Share Price
News articles about DineEquity (NYSE:DIN) have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DineEquity earned a coverage optimism score of -0.04 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 45.2412824593444 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- 5 Easy Ways To Get A Free (Or At Least Cheaper) Meal (finance.yahoo.com)
- 11 Places To Eat Free On Your Birthday (benzinga.com)
- Equifax data breach: What to know (whio.com)
- Financial Comparison: Papa John’s International (PZZA) vs. DineEquity (DIN) (americanbankingnews.com)
- Here’s why Chili’s slashing its menu by 40% is a good thing (marketwatch.com)
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Maxim Group lowered their price target on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $56.47.
DineEquity (NYSE:DIN) opened at 38.64 on Tuesday. The firm has a market capitalization of $695.44 million, a price-to-earnings ratio of 8.61 and a beta of 0.40. The stock’s 50 day moving average is $39.86 and its 200 day moving average is $47.52. DineEquity has a 1-year low of $36.71 and a 1-year high of $88.00.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The company had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. During the same period last year, the firm earned $1.59 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. Analysts predict that DineEquity will post $4.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 10.04%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s payout ratio is currently 86.61%.
In other news, Director Stephen P. Joyce purchased 2,265 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $44.07 per share, with a total value of $99,818.55. Following the completion of the transaction, the director now directly owns 5,488 shares of the company’s stock, valued at $241,856.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Msd Capital L. P purchased 39,689 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $39.23 per share, for a total transaction of $1,556,999.47. The disclosure for this purchase can be found here. 2.15% of the stock is owned by company 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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