Favorable Press Coverage Somewhat Unlikely to Affect DineEquity (DIN) Stock Price
Media stories about DineEquity (NYSE:DIN) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DineEquity earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 46.7553442714048 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research analysts recently issued reports on DIN shares. ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Maxim Group raised their target price on shares of DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. TheStreet cut shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. DineEquity currently has an average rating of “Hold” and a consensus price target of $57.64.
DineEquity (NYSE DIN) opened at $51.29 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -6.40. DineEquity has a fifty-two week low of $36.71 and a fifty-two week high of $75.92. The stock has a market cap of $922.61, a price-to-earnings ratio of -2.34 and a beta of 0.51.
In related news, Director Larry Alan Kay sold 778 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the sale, the director now owns 8,513 shares in the company, valued at $384,276.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.15% of the stock is currently owned by company insiders.
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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