DineEquity Inc (NYSE:DIN) was the recipient of unusually large options trading on Monday. Traders purchased 4,786 put options on the stock. This represents an increase of approximately 3,294% compared to the typical daily volume of 141 put options.

Several institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of DineEquity by 0.9% in the 2nd quarter. New York State Common Retirement Fund now owns 25,412 shares of the restaurant operator’s stock valued at $1,119,000 after purchasing an additional 215 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of DineEquity by 7.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,190 shares of the restaurant operator’s stock valued at $449,000 after purchasing an additional 720 shares during the period. Voya Investment Management LLC increased its holdings in shares of DineEquity by 13.0% in the 2nd quarter. Voya Investment Management LLC now owns 7,845 shares of the restaurant operator’s stock valued at $346,000 after purchasing an additional 905 shares during the period. SFE Investment Counsel increased its holdings in shares of DineEquity by 13.6% in the 4th quarter. SFE Investment Counsel now owns 7,763 shares of the restaurant operator’s stock valued at $394,000 after purchasing an additional 932 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of DineEquity by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 16,043 shares of the restaurant operator’s stock valued at $814,000 after purchasing an additional 975 shares during the period. Institutional investors own 92.89% of the company’s stock.

DIN has been the topic of several recent analyst reports. TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded DineEquity from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Finally, Maxim Group boosted their price objective on 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $59.80.

Shares of DineEquity (NYSE DIN) traded up $0.44 on Wednesday, hitting $53.98. The stock had a trading volume of 279,379 shares, compared to its average volume of 249,272. The firm has a market cap of $963.09, a P/E ratio of -2.47 and a beta of 0.51. DineEquity has a one year low of $36.71 and a one year high of $66.82. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40.

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About DineEquity

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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