Shares of DineEquity Inc (NYSE:DIN) saw strong trading volume on Wednesday following a stronger than expected earnings report. 818,669 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 339,528 shares.The stock last traded at $67.18 and had previously closed at $63.44.
The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.10. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The company had revenue of $148.78 million during the quarter, compared to the consensus estimate of $147.98 million. During the same period in the previous year, the firm earned $1.37 earnings per share. DineEquity’s revenue for the quarter was down 3.5% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Sunday, March 18th. This represents a $2.52 annualized dividend and a yield of 3.75%. DineEquity’s dividend payout ratio is currently -17.77%.
Several equities research analysts have issued reports on the stock. Maxim Group reiterated a “buy” rating and set a $62.00 price objective on shares of DineEquity in a research note on Tuesday. ValuEngine upgraded shares of DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, January 31st. Finally, TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. DineEquity currently has a consensus rating of “Hold” and an average target price of $59.80.
Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC acquired a new position in shares of DineEquity during the fourth quarter worth $207,000. Cubist Systematic Strategies LLC acquired a new position in shares of DineEquity during the third quarter worth $189,000. UBS Asset Management Americas Inc. acquired a new position in shares of DineEquity during the fourth quarter worth $228,000. Crossmark Global Holdings Inc. acquired a new position in shares of DineEquity during the third quarter worth $228,000. Finally, Wedbush Securities Inc. acquired a new position in shares of DineEquity during the fourth quarter worth $280,000. 96.93% of the stock is currently owned by institutional investors and hedge funds.
The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40. The company has a market capitalization of $983.41, a PE ratio of -3.08 and a beta of 0.51.
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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