DineEquity (DIN) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
DineEquity (NYSE:DIN) released its earnings data on Wednesday. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.01, AnalystRatingsNetwork reports. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $159.03 million.
A number of analysts have recently weighed in on DIN shares. Analysts at Janney Montgomery Scott upgraded shares of DineEquity from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. They now have a $94.00 price target on the stock, up previously from $80.00. On the ratings front, analysts at Raymond James upgraded shares of DineEquity from an “outperform” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, analysts at KeyCorp upgraded shares of DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. They now have a $90.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. DineEquity has a consensus rating of “Buy” and an average target price of $86.43.
Shares of DineEquity (NYSE:DIN) opened at 81.57 on Wednesday. DineEquity has a one year low of $64.44 and a one year high of $85.74. The stock has a 50-day moving average of $80.0 and a 200-day moving average of $76.33. The company has a market cap of $1.552 billion and a price-to-earnings ratio of 21.95.
DineEquity, Inc owns franchise and operate two restaurant concepts: Applebee’s Neighborhood Grill & Bar, (NYSE:DIN), in the bar and grill segment of the casual dining category of the restaurant industry, and International House of Pancakes (IHOP), in the family dining category of the restaurant industry.
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