DineEquity (DIN) Sees Unusually-High Trading Volume Following Earnings Beat

DineEquity Inc (NYSE:DIN) shares saw strong trading volume on Wednesday following a stronger than expected earnings report. 818,669 shares changed 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 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $148.78 million during the quarter, compared to analyst estimates of $147.98 million. During the same quarter last year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 19th will be issued a $0.63 dividend. The ex-dividend date is Sunday, March 18th. This represents a $2.52 annualized dividend and a yield of 3.76%. DineEquity’s dividend payout ratio (DPR) is -17.77%.

Several analysts recently weighed in on DIN shares. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a report on Monday, January 15th. TheStreet cut shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Maxim Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of DineEquity in a report on Monday, October 30th. Finally, ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. DineEquity has a consensus rating of “Hold” and a consensus target price of $59.80.

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

The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $983.41, a PE ratio of -3.07 and a beta of 0.51.

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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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