Victory Capital Management Inc. raised its holdings in DineEquity, Inc (NYSE:DIN) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,704 shares of the restaurant operator’s stock after buying an additional 949 shares during the period. Victory Capital Management Inc. owned 0.07% of DineEquity worth $560,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Glen Harbor Capital Management LLC increased its stake in shares of DineEquity by 8.0% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 136 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of DineEquity by 80.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of DineEquity by 2,247.0% during the 1st 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. Mason Street Advisors LLC boosted its holdings in shares of DineEquity by 5.5% during the 1st 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. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of DineEquity by 2.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.
In related news, Director Msd Capital L. P acquired 39,689 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is owned by company insiders.
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Shares of DineEquity, Inc (NYSE:DIN) opened at 40.84 on Monday. The company has a market capitalization of $735.04 million, a price-to-earnings ratio of 9.10 and a beta of 0.40. The stock has a 50 day moving average of $39.70 and a 200-day moving average of $47.09. DineEquity, Inc has a 1-year low of $36.71 and a 1-year high of $88.00.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 earnings per share. Analysts forecast that DineEquity, Inc will post $4.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date is Friday, September 15th. DineEquity’s payout ratio is currently 86.61%.
DIN has been the subject of several research analyst reports. Maxim Group reduced their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Zacks Investment Research raised shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Monday, July 24th. ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. restated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $56.47.
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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