Dimensional Fund Advisors LP reduced its position in shares of DineEquity, Inc (NYSE:DIN) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 712,520 shares of the restaurant operator’s stock after selling 18,371 shares during the period. Dimensional Fund Advisors LP owned about 3.99% of DineEquity worth $38,775,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Glen Harbor Capital Management LLC boosted its stake in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the period. Americafirst Capital Management LLC acquired a new stake in DineEquity during the first quarter worth approximately $147,000. Russell Investments Group Ltd. boosted its stake in DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the period. Guggenheim Capital LLC boosted its stake in DineEquity by 37.8% in the fourth quarter. Guggenheim Capital LLC now owns 3,566 shares of the restaurant operator’s stock worth $275,000 after buying an additional 979 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock worth $213,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 88.88% of the company’s stock.
Shares of DineEquity, Inc (DIN) opened at 39.72 on Friday. DineEquity, Inc has a one year low of $36.71 and a one year high of $88.00. The stock has a market capitalization of $714.32 million, a PE ratio of 8.84 and a beta of 0.39. The firm has a 50-day moving average price of $42.05 and a 200 day moving average price of $51.51.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. The company had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. DineEquity’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 earnings per share. On average, equities analysts expect that DineEquity, Inc will post $4.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 18th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 9.77%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s payout ratio is 86.61%.
A number of analysts have recently commented on the company. Maxim Group cut their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Vetr cut DineEquity from a “buy” rating to a “hold” rating and set a $58.82 price target for the company. in a research report on Wednesday, April 26th. Finally, ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.47.
In related news, Director Stephen P. Joyce purchased 2,265 shares of the company’s stock in a transaction 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 transaction, the director now owns 5,488 shares of the company’s stock, valued at approximately $241,856.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.15% of the company’s stock.
DineEquity Company Profile
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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