QS Investors LLC increased its stake in shares of DineEquity, Inc (NYSE:DIN) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,385 shares of the restaurant operator’s stock after buying an additional 1,381 shares during the quarter. QS Investors LLC owned about 0.05% of DineEquity worth $413,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue grew its position in DineEquity by 80.1% during the second 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 in the last quarter. Municipal Employees Retirement System of Michigan grew its position in DineEquity by 2.6% during the second 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 in the last quarter. Russell Investments Group Ltd. grew its position in DineEquity by 2,247.0% during 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 in the last quarter. Mason Street Advisors LLC grew its position in DineEquity by 5.5% during 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 in the last quarter. Finally, WBI Investments Inc. acquired a new stake in DineEquity during the second quarter worth approximately $230,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Maxim Group reduced their price target on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.47.
Shares of DineEquity, Inc (DIN) opened at 44.84 on Wednesday. DineEquity, Inc has a one year low of $36.71 and a one year high of $88.00. The firm has a market cap of $807.03 million, a P/E ratio of 9.99 and a beta of 0.40. The firm has a 50 day moving average price of $41.43 and a 200-day moving average price of $45.43.
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 firm had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior 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 company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.65%. DineEquity’s payout ratio is currently 86.61%.
In other news, Director Msd Capital L. P purchased 39,689 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.15% of the company’s stock.
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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