Sei Investments Co. Has $17,602,000 Stake in DineEquity Inc. (DIN)
Sei Investments Co. maintained its position in DineEquity Inc. (NYSE:DIN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,278 shares of the company’s stock at the end of the third quarter. Sei Investments Co. owned approximately 1.22% of DineEquity worth $17,602,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in DineEquity by 21.7% in the second quarter. SG Americas Securities LLC now owns 29,964 shares of the company’s stock worth $2,540,000 after buying an additional 5,344 shares during the period. Suntrust Banks Inc. boosted its position in DineEquity by 32.5% in the second quarter. Suntrust Banks Inc. now owns 14,545 shares of the company’s stock worth $1,233,000 after buying an additional 3,570 shares during the period. Societe Generale bought a new position in DineEquity during the second quarter worth approximately $2,540,000. California State Teachers Retirement System boosted its position in DineEquity by 1.8% in the second quarter. California State Teachers Retirement System now owns 36,707 shares of the company’s stock worth $3,112,000 after buying an additional 634 shares during the period. Finally, First Midwest Bank Trust Division boosted its position in DineEquity by 46.9% in the second quarter. First Midwest Bank Trust Division now owns 6,222 shares of the company’s stock worth $528,000 after buying an additional 1,986 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.
DineEquity Inc. (NYSE:DIN) traded down 0.45% during midday trading on Wednesday, reaching $84.62. 31,661 shares of the company traded hands. DineEquity Inc. has a one year low of $75.05 and a one year high of $98.82. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.37 and a beta of 0.54. The firm has a 50-day moving average price of $80.88 and a 200-day moving average price of $80.65.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. The business earned $156 million during the quarter, compared to analyst estimates of $160.98 million. DineEquity had a return on equity of 44.00% and a net margin of 15.67%. DineEquity’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Equities analysts predict that DineEquity Inc. will post $6.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from DineEquity’s previous quarterly dividend of $0.92. This represents a $3.88 annualized dividend and a dividend yield of 4.56%. DineEquity’s dividend payout ratio (DPR) is currently 66.91%.
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A number of brokerages have recently issued reports on DIN. KeyCorp cut shares of DineEquity from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 17th. They noted that the move was a valuation call. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Maxim Group began coverage on shares of DineEquity in a research report on Thursday, September 29th. They issued a “buy” rating and a $94.00 target price for the company. Finally, Standpoint Research began coverage on shares of DineEquity in a research report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 target price for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $98.00.
In other DineEquity news, SVP Greggory Kalvin bought 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Jakubek sold 7,500 shares of the firm’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 sale, the senior vice president now directly owns 14,466 shares of the company’s stock, valued at $1,109,108.22. The disclosure for this sale can be found here. Insiders own 3.55% of the company’s stock.
DineEquity Company Profile
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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