Swiss National Bank raised its holdings in DineEquity, Inc (NYSE:DIN) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,600 shares of the restaurant operator’s stock after purchasing an additional 1,700 shares during the period. Swiss National Bank owned about 0.16% of DineEquity worth $1,260,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in DIN. Russell Investments Group Ltd. raised its position in shares of DineEquity by 2,247.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 3,348 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of DineEquity by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 391,198 shares of the restaurant operator’s stock valued at $21,289,000 after purchasing an additional 17,654 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of DineEquity in the 1st quarter valued at approximately $725,000. Ameriprise Financial Inc. raised its position in shares of DineEquity by 4.8% in the 1st quarter. Ameriprise Financial Inc. now owns 100,725 shares of the restaurant operator’s stock valued at $5,491,000 after purchasing an additional 4,630 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of DineEquity by 22.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 88,120 shares of the restaurant operator’s stock valued at $4,795,000 after purchasing an additional 16,230 shares in the last quarter. 92.00% of the stock is currently owned by institutional investors.
In related news, Director Msd Capital L. P bought 39,689 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.15% of the stock is owned by company insiders.
A number of equities analysts have issued reports on DIN shares. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, July 24th. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Maxim Group cut their target price on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Finally, BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. DineEquity presently has an average rating of “Hold” and an average price target of $56.47.
Shares of DineEquity, Inc (DIN) opened at 43.78 on Friday. The stock has a 50 day moving average price of $41.25 and a 200-day moving average price of $45.60. The company has a market capitalization of $787.95 million, a P/E ratio of 9.75 and a beta of 0.40. DineEquity, Inc has a one year low of $36.71 and a one year high of $88.00.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.10. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The company had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. During the same quarter last year, the company earned $1.59 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that DineEquity, Inc will post $4.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.86%. DineEquity’s dividend payout ratio (DPR) is presently 86.61%.
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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