Alliancebernstein L.P. held its position in DineEquity, Inc (NYSE:DIN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,310 shares of the restaurant operator’s stock at the end of the first quarter. Alliancebernstein L.P. owned about 0.15% of DineEquity worth $1,486,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glen Harbor Capital Management LLC increased its position in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the period. Americafirst Capital Management LLC bought a new stake in DineEquity during the first quarter valued at $147,000. Russell Investments Group Ltd. increased its stake in DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 3,348 shares during the last quarter. Mason Street Advisors LLC increased its stake in DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock valued at $213,000 after buying an additional 205 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in DineEquity during the first quarter valued at $232,000. Hedge funds and other institutional investors own 88.63% of the company’s stock.
Shares of DineEquity, Inc (DIN) traded up 2.35% on Friday, hitting $40.99. The stock had a trading volume of 652,303 shares. DineEquity, Inc has a 12 month low of $36.71 and a 12 month high of $88.00. The firm’s 50-day moving average price is $41.46 and its 200 day moving average price is $50.49. The firm has a market cap of $737.74 million, a P/E ratio of 9.13 and a beta of 0.39.
DineEquity (NYSE:DIN) last announced its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. The company had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. Analysts anticipate that DineEquity, Inc will post $4.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 9.47%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s dividend payout ratio is presently 86.61%.
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Several analysts recently weighed in on DIN shares. Maxim Group cut their price target on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Monday, July 24th. Vetr raised DineEquity from a “hold” rating to a “buy” rating and set a $61.82 price target on the stock in a report on Thursday, April 27th. ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. DineEquity has a consensus rating of “Hold” and a consensus target price of $56.47.
In other news, Director Stephen P. Joyce acquired 2,265 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of $44.07 per share, with a total value of $99,818.55. Following the completion of the transaction, the director now directly owns 5,488 shares in the company, valued at approximately $241,856.16. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Msd Capital L. P bought 39,689 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $39.23 per share, with a total value of $1,556,999.47. The disclosure for this purchase can be found here. Insiders own 2.15% of the company’s stock.
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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