Morgan Keegan On DIN Sales

Morgan Keegan has issued a report on DineEquity Inc's (NYSE: DIN) sales momentum.

According to Morgan Keegan, "Q1 EPS ex-items of $1.42, above MK $1.24, street's $1.16 with the upside aided by a favorable tax rate (~$0.18). Revenue was better than projected at $300.2mil. (MK $296.8mil.) driven by strong SSS at Applebee's of 3.9% (MK +2.0%), while IHOP was in line at -2.7%."

DIN has a Market Perform Rating and a $55 Price Target.

DIN closed at $52.65 a share yesterday.