KBC Group NV Has $2.29 Million Position in DineEquity Inc (DIN)
KBC Group NV lowered its holdings in DineEquity Inc (NYSE:DIN) by 22.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,342 shares of the restaurant operator’s stock after selling 15,695 shares during the period. KBC Group NV owned about 0.30% of DineEquity worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DIN. Municipal Employees Retirement System of Michigan grew its position in shares of DineEquity by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 100 shares during the period. WBI Investments Inc. bought a new position in shares of DineEquity in the 2nd quarter valued at about $230,000. Crossmark Global Holdings Inc. bought a new position in shares of DineEquity in the 3rd quarter valued at about $228,000. Oppenheimer & Co. Inc. bought a new position in shares of DineEquity in the 2nd quarter valued at about $244,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of DineEquity by 84.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,500 shares of the restaurant operator’s stock valued at $286,000 after acquiring an additional 2,973 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.
In other DineEquity news, Director Larry Alan Kay sold 778 shares of DineEquity stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the sale, the director now owns 8,513 shares in the company, valued at approximately $384,276.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.15% of the stock is owned by insiders.
DineEquity (NYSE:DIN) last issued its quarterly earnings data 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 analysts’ expectations of $146.92 million. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue was down 7.3% on a year-over-year basis. analysts forecast that DineEquity Inc will post 4.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend is Friday, December 15th. DineEquity’s dividend payout ratio (DPR) is -17.77%.
DIN has been the subject of a number of analyst reports. TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of DineEquity from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Maxim Group lifted their target price on shares of DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $57.64.
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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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