Wells Fargo & Co. Analysts Begin Coverage on Dineequity (DIN)

By admin | 6 years ago

Wells Fargo & Co. (NYSE: WFC) started coverage on shares of Dineequity (NYSE: DIN) in a research note issued on Friday. The firm set a “market perform” rating on the stock.

Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of Dineequity from a “strong-buy” rating to an “outperform” rating in a research note to investors on Monday, April 2nd.

Dineequity traded down 1.24% on Friday, hitting $49.48. Dineequity has a 52-week low of $35.20 and a 52-week high of $56.78. The company has a market cap of $906.1 million and a price-to-earnings ratio of 12.53.

Dineequity last posted its quarterly earnings results on Tuesday, May 1st. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.29 by $0.07. The company’s quarterly revenue was down 18.2% on a year-over-year basis. Analysts expect that Dineequity will post $1.00 EPS next quarter.

DineEquity, Inc. is engaged in the development, operation and franchising of International House of Pancakes (IHOP) restaurants.

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