DineEquity Inc (NYSE:DIN) ended the last trading session with a loss of 2.17% as it continued the decline. The volume of the day was limited to 167,000 against the daily average of 223,000, much lower than the volume seen in the last week. The stock has been in a long term bear market which was interrupted by a sideways corrective phase 3 months back. The supply pressure since then has been incessant and the decline has not shown any sign of slowing down. The downtrend channel must create a bounce at least to keep any bulls even slightly optimistic.
DineEquity Inc (NYSE:DIN)’s CEO, Julia Stewart, has been named the 2015 Operator of the Year. The title was awarded to her by her peers from the restaurant industry. She was honored with the prestigious title on September 21 and recognizes her leadership skills, accomplishments at the company and a history of returning to the industry.
At her award acceptance ceremony, Stewart stated that she finds the restaurant industry very special. She believes that it provides a person with the tools and resources needed for great personal growth, in addition to providing great opportunities to do so. Stewart is also responsible for the merger of IHOP with Applebees’s in 2007, which led to the inception of DIN. At the time of the acquisition, the two companies had set goals for them to achieve, which they did very successfully.
Stewart also took the opportunity to highlight the hard work that is put in by employees in the restaurant industry and she thanked them for doing so. She also held the employees of her company responsible for winning the award for her. Dine Equity is all set to announce its 3Q2015 financial results, on October 29. Analysts at Zacks expect the company to report $1.42 EPS for this quarter. This would slightly lower than the EPS for the preceding quarter, which was $1.53.
On average, analysts expect DIN to have a price target of $115.33. Bullish analysts expect the stock price to reach $120 in the next 12-months; however, even the most bearish analysts believe that the stock would reach $106, in the same period. This translates to an overall rating of buy. In the previous quarter, DIN had reported sales of $171.54 million. However, a number of sell-side analysts believe that this number would decline to $168.24 million.
DineEquity Inc (NYSE:DIN) closed at a share price of $88.15, after losing 1.78% of its share value, during the October 20 session. The stock saw a trade volume of 170,530 shares.