DineEquity, Inc (DIN) Stake Increased by Victory Capital Management Inc.
Victory Capital Management Inc. lifted its position in shares of DineEquity, Inc (NYSE:DIN) by 18.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,068 shares of the restaurant operator’s stock after buying an additional 2,364 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of DineEquity worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in shares of DineEquity by 80.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of DineEquity by 2.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after buying an additional 100 shares during the last quarter. WBI Investments Inc. acquired a new stake in shares of DineEquity during the 2nd quarter worth approximately $230,000. Crossmark Global Holdings Inc. acquired a new stake in shares of DineEquity during the 3rd quarter worth approximately $228,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of DineEquity during the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 93.15% of the company’s stock.
In related news, Director Larry Alan Kay sold 778 shares of the business’s stock in a transaction on 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 directly owns 8,513 shares of the company’s stock, valued at $384,276.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.15% of the stock is owned by insiders.
DIN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of DineEquity from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Maxim Group raised their price target 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. ValuEngine downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.64.
Shares of DineEquity, Inc (NYSE DIN) opened at $42.99 on Friday. The stock has a market cap of $781.41, a price-to-earnings ratio of 9.05 and a beta of 0.52. DineEquity, Inc has a 1 year low of $36.71 and a 1 year high of $87.84. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39.
DineEquity (NYSE:DIN) last announced its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. During the same period in the previous year, the company earned $1.46 earnings per share. DineEquity’s quarterly revenue was down 7.3% compared to the same quarter last year. research analysts anticipate that DineEquity, Inc will post 4.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be given a $0.97 dividend. The ex-dividend date is Friday, December 15th. This represents a $3.88 dividend on an annualized basis and a yield of 9.03%. DineEquity’s dividend payout ratio (DPR) is presently -17.77%.
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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