Federated Investors Inc. PA Has $1.62 Million Holdings in DineEquity, Inc (DIN)

Federated Investors Inc. PA raised its holdings in shares of DineEquity, Inc (NYSE:DIN) by 65.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,834 shares of the restaurant operator’s stock after buying an additional 14,513 shares during the period. Federated Investors Inc. PA owned about 0.20% of DineEquity worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Glen Harbor Capital Management LLC boosted its position in DineEquity by 8.0% during the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 136 shares during the period. State of Alaska Department of Revenue boosted 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 valued at $146,000 after buying an additional 1,482 shares during the period. Russell Investments Group Ltd. boosted 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 valued at $190,000 after buying an additional 3,348 shares during the period. Mason Street Advisors LLC boosted 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 valued at $213,000 after buying an additional 205 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted 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 valued at $176,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

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In related news, Director Msd Capital L. P acquired 39,689 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $39.23 per share, with a total value of $1,556,999.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction on Thursday, June 15th. The stock was bought at an average cost 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 in the company, valued at $241,856.16. The disclosure for this purchase can be found here. 2.15% of the stock is currently owned by insiders.

DIN has been the subject of several analyst reports. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Monday, July 24th. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. restated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Maxim Group cut their price target on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. 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 assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.47.

Shares of DineEquity, Inc (NYSE:DIN) opened at 38.64 on Tuesday. DineEquity, Inc has a 12-month low of $36.71 and a 12-month high of $88.00. The stock’s 50 day moving average is $39.86 and its 200-day moving average is $47.52. The stock has a market capitalization of $695.44 million, a price-to-earnings ratio of 8.61 and a beta of 0.40.

DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. During the same period in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts expect 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, October 6th. Investors of record on Monday, September 18th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, September 15th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 10.04%. DineEquity’s dividend payout ratio is presently 86.61%.

DineEquity 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.

Institutional Ownership by Quarter for DineEquity (NYSE:DIN)

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