Insider Buying: DineEquity Inc. (DIN) SVP Buys $200,535.12 in Stock
DineEquity Inc. (NYSE:DIN) SVP Greggory Kalvin purchased 2,466 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $81.32 per share, for a total transaction of $200,535.12. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
DineEquity Inc. (NYSE:DIN) opened at 85.10 on Thursday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 15.46 and a beta of 0.54. DineEquity Inc. has a 12-month low of $75.05 and a 12-month high of $98.82. The company has a 50-day moving average of $79.33 and a 200 day moving average of $80.61.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.46 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.06. The firm had revenue of $156 million for the quarter, compared to analyst estimates of $160.98 million. DineEquity had a net margin of 15.67% and a return on equity of 44.00%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities analysts expect that DineEquity Inc. will post $6.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be issued a $0.97 dividend. This is a positive change from DineEquity’s previous quarterly dividend of $0.92. The ex-dividend date is Wednesday, December 14th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.56%. DineEquity’s dividend payout ratio is presently 66.91%.
A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Maxim Group initiated coverage on shares of DineEquity in a report on Thursday, September 29th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Standpoint Research initiated coverage on shares of DineEquity in a report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $98.00.
Several institutional investors have recently modified their holdings of DIN. RS Investment Management Co. LLC raised its position in shares of DineEquity by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 615,643 shares of the company’s stock worth $52,194,000 after buying an additional 24,255 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of DineEquity by 99.5% in the second quarter. CIBC World Markets Inc. now owns 12,945 shares of the company’s stock worth $1,097,000 after buying an additional 6,456 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of DineEquity by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 86,272 shares of the company’s stock worth $7,321,000 after buying an additional 2,409 shares during the last quarter. M&T Bank Corp raised its position in shares of DineEquity by 8.5% in the second quarter. M&T Bank Corp now owns 9,735 shares of the company’s stock worth $826,000 after buying an additional 763 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in shares of DineEquity during the second quarter worth approximately $275,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
DineEquity, Inc, together with 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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