DineEquity Inc. (DIN) Stake Increased by Global X Management Co. LLC
Global X Management Co. LLC raised its stake in DineEquity Inc. (NYSE:DIN) by 11.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 76,439 shares of the company’s stock after buying an additional 7,758 shares during the period. Global X Management Co. LLC owned 0.42% of DineEquity worth $6,053,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. RS Investment Management Co. LLC raised its stake 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 valued at $52,194,000 after buying an additional 24,255 shares in the last quarter. CIBC World Markets Inc. raised its stake 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 valued at $1,097,000 after buying an additional 6,456 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of DineEquity by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 86,272 shares of the company’s stock valued at $7,321,000 after buying an additional 2,409 shares in the last quarter. M&T Bank Corp raised its stake 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 valued at $826,000 after buying an additional 763 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of DineEquity by 18.3% in the second quarter. Burgundy Asset Management Ltd. now owns 558,696 shares of the company’s stock valued at $47,366,000 after buying an additional 86,309 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.
DineEquity Inc. (NYSE:DIN) traded down 1.67% during trading on Wednesday, reaching $83.58. The company’s stock had a trading volume of 207,437 shares. The company’s 50 day moving average price is $80.88 and its 200 day moving average price is $80.65. DineEquity Inc. has a 52 week low of $75.05 and a 52 week high of $98.82. The company has a market cap of $1.51 billion, a P/E ratio of 15.18 and a beta of 0.54.
DineEquity (NYSE:DIN) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. DineEquity had a net margin of 15.67% and a return on equity of 44.00%. The company earned $156 million during the quarter, compared to analyst estimates of $160.98 million. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts anticipate that DineEquity Inc. will post $6.05 earnings per share for the current fiscal year.
The company 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 annualized dividend and a dividend yield of 4.64%. DineEquity’s payout ratio is 66.91%.
DIN has been the subject of several recent research reports. Maxim Group initiated coverage on DineEquity in a report on Thursday, September 29th. They set a “buy” rating and a $94.00 price objective for the company. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. KeyCorp lowered DineEquity from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 17th. They noted that the move was a valuation call. Finally, Standpoint Research initiated coverage on DineEquity in a report on Tuesday, August 9th. They set a “buy” rating and a $95.00 price objective for the company. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $98.00.
In other news, SVP John Jakubek sold 7,500 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $76.67, for a total value of $575,025.00. Following the completion of the transaction, the senior vice president now owns 14,466 shares of the company’s stock, valued at approximately $1,109,108.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Greggory Kalvin purchased 2,466 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of $81.32 per share, with a total value of $200,535.12. The disclosure for this purchase can be found here. 3.55% of the stock is currently owned by insiders.
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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