DineEquity (DIN) Receiving Somewhat Positive News Coverage, Analysis Finds
News articles about DineEquity (NYSE:DIN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DineEquity earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.6447408614539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- DineEquity, Inc (DIN) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- DineEquity, Inc. to Host Third Quarter Fiscal 2017 Earnings Conference Call on November 9, 2017 – PR Newswire (press release) (prnewswire.com)
- DineEquity, Inc (DIN) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Ruby Tuesday going private as more restaurant chains seek options (foxbusiness.com)
- DineEquity, Inc. to Host Third Quarter … (ih.advfn.com)
A number of analysts have issued reports on DIN shares. Maxim Group reduced their price target on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, July 24th. ValuEngine downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. Finally, BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. DineEquity presently has a consensus rating of “Hold” and an average target price of $56.47.
DineEquity (DIN) traded down 1.1655% during mid-day trading on Wednesday, hitting $44.3174. 30,295 shares of the stock were exchanged. DineEquity has a 52-week low of $36.71 and a 52-week high of $88.00. The stock’s 50 day moving average is $41.43 and its 200 day moving average is $45.43. The stock has a market cap of $797.62 million, a PE ratio of 9.8746 and a beta of 0.40.
DineEquity (NYSE:DIN) last issued its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Analysts forecast that DineEquity will post $4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Friday, December 15th. DineEquity’s dividend payout ratio (DPR) is 86.61%.
In other news, Director Msd Capital L. P acquired 39,689 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $39.23 per share, for a total transaction of $1,556,999.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.15% of the stock is currently 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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