Barnett & Company Inc. cut its holdings in DineEquity Inc (NYSE:DIN) by 9.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,959 shares of the restaurant operator’s stock after selling 1,250 shares during the quarter. Barnett & Company Inc. owned approximately 0.07% of DineEquity worth $514,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in DIN. California Public Employees Retirement System grew its position in DineEquity by 25.0% during the 3rd quarter. California Public Employees Retirement System now owns 55,485 shares of the restaurant operator’s stock valued at $2,385,000 after purchasing an additional 11,085 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in DineEquity by 32.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,136 shares of the restaurant operator’s stock valued at $392,000 after purchasing an additional 2,220 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in DineEquity during the 3rd quarter valued at about $189,000. Point72 Asset Management L.P. purchased a new stake in DineEquity during the 3rd quarter valued at about $331,000. Finally, U S Global Investors Inc. purchased a new stake in DineEquity during the 3rd quarter valued at about $946,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.
DineEquity Inc (DIN) opened at $51.80 on Thursday. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $912.36, a PE ratio of 10.57 and a beta of 0.50. DineEquity Inc has a one year low of $36.71 and a one year high of $84.00.
DineEquity (NYSE:DIN) last posted its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business had revenue of $144.67 million for the quarter, compared to analysts’ expectations of $146.92 million. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. equities research analysts forecast that DineEquity Inc will post 4.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 7.49%. The ex-dividend date is Friday, December 15th. DineEquity’s dividend payout ratio is currently -17.77%.
DIN has been the topic of several recent analyst reports. TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of DineEquity from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Maxim Group increased their price objective on shares of DineEquity from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.64.
In other DineEquity news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the transaction, the director now owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.
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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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