DineEquity (DIN) Reaches New 1-Year High After Strong Earnings

Shares of DineEquity Inc (NYSE:DIN) hit a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $66.31 and last traded at $66.84, with a volume of 1529658 shares. The stock had previously closed at $54.67.

The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. 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 prior year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded DineEquity from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, January 31st. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Maxim Group restated a “buy” rating and issued a $62.00 price target on shares of DineEquity in a report on Tuesday. Finally, TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $59.80.

Large investors have recently bought and sold shares of the stock. LPL Financial LLC bought a new position in shares of DineEquity during the fourth quarter worth about $207,000. Cubist Systematic Strategies LLC bought a new position in shares of DineEquity during the third quarter worth about $189,000. UBS Asset Management Americas Inc. bought a new position in shares of DineEquity during the fourth quarter worth about $228,000. Crossmark Global Holdings Inc. bought a new position in shares of DineEquity during the third quarter worth about $228,000. Finally, Wedbush Securities Inc. bought a new position in shares of DineEquity during the fourth quarter worth about $280,000. Institutional investors and hedge funds own 96.93% of the company’s stock.

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 firm has a market capitalization of $983.41, a price-to-earnings ratio of -2.88 and a beta of 0.51.

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About DineEquity

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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