Zacks: Analysts Anticipate DineEquity, Inc (NYSE:DIN) Will Announce Quarterly Sales of $156.40 Million
Wall Street brokerages forecast that DineEquity, Inc (NYSE:DIN) will announce $156.40 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for DineEquity’s earnings, with the highest sales estimate coming in at $156.76 million and the lowest estimate coming in at $156.04 million. DineEquity reported sales of $160.26 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, August 10th.
On average, analysts expect that DineEquity will report full year sales of $156.40 million for the current year, with estimates ranging from $616.79 million to $624.52 million. For the next year, analysts expect that the firm will post sales of $625.31 million per share, with estimates ranging from $613.49 million to $637.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow DineEquity.
Several equities analysts have recently weighed in on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. Maxim Group reiterated a “buy” rating on shares of DineEquity in a research note on Monday, April 10th. Instinet lifted their target price on shares of DineEquity from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, May 4th. Vetr upgraded shares of DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 target price for the company in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. DineEquity has an average rating of “Buy” and an average price target of $65.12.
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DineEquity (DIN) opened at 38.01 on Monday. DineEquity has a 12 month low of $37.36 and a 12 month high of $88.00. The firm has a market cap of $683.42 million, a price-to-earnings ratio of 7.99 and a beta of 0.39. The firm’s 50 day moving average is $43.20 and its 200-day moving average is $53.06.
In other news, Director Stephen P. Joyce acquired 2,265 shares of DineEquity stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $44.07 per share, with a total value of $99,818.55. Following the completion of the purchase, the director now owns 5,488 shares in the company, valued at $241,856.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.15% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Glen Harbor Capital Management LLC boosted its position in shares of DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 136 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 1,482 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of DineEquity during the first quarter valued at approximately $147,000. Municipal Employees Retirement System of Michigan boosted its position in shares of DineEquity by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 100 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 3,348 shares in the last quarter. 88.72% of the stock is owned by institutional investors.
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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