DineEquity PT Raised to $94.00 (DIN)
Investment analysts at JPMorgan Chase & Co. hoisted their target price on shares of DineEquity (NYSE:DIN) from $92.00 to $94.00 in a note issued to investors on Thursday. JPMorgan Chase & Co.’s price target points to a potential upside of 16.70% from the stock’s previous close.
Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of DineEquity in a research note on Wednesday. They now have a $100.00 price target on the stock, up previously from $95.00. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $93.14.
Shares of DineEquity (NYSE:DIN) traded down 0.62% during mid-day trading on Thursday, hitting $80.55. The stock had a trading volume of 103,661 shares. DineEquity has a 1-year low of $64.44 and a 1-year high of $85.74. The stock has a 50-day moving average of $79.04 and a 200-day moving average of $79.48. The company has a market cap of $1.600 billion and a price-to-earnings ratio of 20.40.
DineEquity (NYSE:DIN) last announced its earnings results on Tuesday, July 29th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that DineEquity will post $4.46 earnings per share for the current fiscal year.
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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