KBC Group NV Cuts Position in DineEquity, Inc (DIN)
KBC Group NV decreased its position in shares of DineEquity, Inc (NYSE:DIN) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,037 shares of the restaurant operator’s stock after selling 837 shares during the period. KBC Group NV owned 0.38% of DineEquity worth $3,041,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in DineEquity by 22.6% in the first quarter. Parametric Portfolio Associates LLC now owns 88,120 shares of the restaurant operator’s stock worth $4,795,000 after buying an additional 16,230 shares during the last quarter. LSV Asset Management bought a new stake in DineEquity during the first quarter worth about $957,000. Airain ltd bought a new stake in DineEquity during the first quarter worth about $1,233,000. Teachers Advisors LLC increased its stake in DineEquity by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 29,290 shares of the restaurant operator’s stock worth $2,255,000 after buying an additional 728 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in DineEquity by 80.6% in the first quarter. First Trust Advisors LP now owns 88,948 shares of the restaurant operator’s stock worth $4,841,000 after buying an additional 39,697 shares during the last quarter. Institutional investors own 88.63% of the company’s stock.
DineEquity, Inc (NYSE:DIN) opened at 39.56 on Friday. The firm has a market capitalization of $712.00 million, a P/E ratio of 8.81 and a beta of 0.39. DineEquity, Inc has a 12 month low of $36.71 and a 12 month high of $88.00. The company’s 50 day moving average price is $40.96 and its 200 day moving average price is $49.49.
DineEquity (NYSE:DIN) last released its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. During the same quarter last year, the firm earned $1.59 EPS. DineEquity’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that DineEquity, Inc will post $4.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 9.81%. The ex-dividend date is Friday, September 15th. DineEquity’s payout ratio is 86.61%.
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DIN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Monday, July 24th. BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Maxim Group restated a “buy” rating and set a $77.00 price objective on shares of DineEquity in a research report on Friday, April 28th. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Vetr upgraded DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price objective for the company in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. DineEquity currently has a consensus rating of “Hold” and an average target price of $56.47.
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 shares were acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen P. Joyce acquired 2,265 shares of DineEquity stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the purchase, the director now directly owns 5,488 shares in the company, valued at $241,856.16. The disclosure for this purchase can be found here. 2.15% of the stock is owned by company insiders.
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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