Raymond James Reiterates Strong-Buy Rating for DineEquity (DIN)
DineEquity (NYSE:DIN)‘s stock had its “strong-buy” rating reiterated by research analysts at Raymond James in a report released on Wednesday. They currently have a $100.00 target price on the stock, up from their previous target price of $95.00. Raymond James’ price objective indicates a potential upside of 21.91% from the stock’s previous close.
Shares of DineEquity (NYSE:DIN) traded down 1.76% during mid-day trading on Wednesday, hitting $82.03. 205,760 shares of the company’s stock traded hands. DineEquity has a 1-year low of $64.44 and a 1-year high of $85.74. The stock’s 50-day moving average is $79.10 and its 200-day moving average is $79.46. The company has a market cap of $1.571 billion and a P/E ratio of 21.73.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.11. The company had revenue of $160.50 million for the quarter, compared to the consensus estimate of $159.53 million. During the same quarter last year, the company posted $1.02 earnings per share. DineEquity’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that DineEquity will post $4.45 earnings per share for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of DineEquity from $90.00 to $92.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. DineEquity currently has an average rating of “Buy” and a consensus price target of $92.74.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.