Global X MANAGEMENT CO LLC grew its position in shares of DineEquity, Inc (NYSE:DIN) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,633 shares of the restaurant operator’s stock after purchasing an additional 4,588 shares during the period. Global X MANAGEMENT CO LLC owned approximately 0.76% of DineEquity worth $5,915,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in DIN. OppenheimerFunds Inc. lifted its stake in DineEquity by 87.2% during the first quarter. OppenheimerFunds Inc. now owns 9,264 shares of the restaurant operator’s stock worth $504,000 after purchasing an additional 4,315 shares in the last quarter. Teachers Advisors LLC lifted its stake in DineEquity by 1.7% during the first quarter. Teachers Advisors LLC now owns 29,784 shares of the restaurant operator’s stock worth $1,621,000 after purchasing an additional 494 shares in the last quarter. California Public Employees Retirement System lifted its stake in DineEquity by 5.8% during the first quarter. California Public Employees Retirement System now owns 40,400 shares of the restaurant operator’s stock worth $2,199,000 after purchasing an additional 2,200 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of DineEquity by 2.2% during the first quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock worth $515,000 after acquiring an additional 200 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of DineEquity by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,521,893 shares of the restaurant operator’s stock worth $82,821,000 after acquiring an additional 20,404 shares during the period. Institutional investors own 92.12% of the company’s stock.
In other news, Director Msd Capital L. P acquired 39,689 shares of DineEquity stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.15% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on the company. Maxim Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of DineEquity in a research report on Monday, October 30th. Zacks Investment Research raised DineEquity from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Finally, ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. 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 stock presently has an average rating of “Hold” and an average target price of $57.64.
Shares of DineEquity, Inc (DIN) traded up $1.49 on Monday, hitting $46.63. 430,400 shares of the stock traded hands, compared to its average volume of 336,049. DineEquity, Inc has a twelve month low of $36.71 and a twelve month high of $88.00. The firm has a market capitalization of $815.76, a P/E ratio of 9.71 and a beta of 0.53. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40.
DineEquity (NYSE:DIN) last announced its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The business had revenue of $144.67 million during the quarter, compared to the consensus estimate of $146.92 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. sell-side analysts forecast that DineEquity, Inc will post 4.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid 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 8.32%. DineEquity’s dividend payout ratio (DPR) is -17.73%.
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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