DineEquity, Inc (DIN) Stake Raised by Numeric Investors LLC
Numeric Investors LLC grew its holdings in shares of DineEquity, Inc (NYSE:DIN) by 8.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,400 shares of the restaurant operator’s stock after buying an additional 1,500 shares during the period. Numeric Investors LLC owned 0.11% of DineEquity worth $855,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in shares of DineEquity by 13.0% during the second quarter. Voya Investment Management LLC now owns 7,845 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 905 shares during the last quarter. Spears Abacus Advisors LLC bought a new stake in shares of DineEquity during the second quarter valued at approximately $527,000. Bancorpsouth Inc. bought a new stake in shares of DineEquity during the second quarter valued at approximately $1,128,000. Suntrust Banks Inc. raised its holdings in shares of DineEquity by 37.8% during the second quarter. Suntrust Banks Inc. now owns 43,783 shares of the restaurant operator’s stock valued at $1,928,000 after buying an additional 12,000 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of DineEquity by 9.9% during the second quarter. California Public Employees Retirement System now owns 44,400 shares of the restaurant operator’s stock valued at $1,956,000 after buying an additional 4,000 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors.
Shares of DineEquity, Inc (DIN) opened at 44.34 on Thursday. DineEquity, Inc has a one year low of $36.71 and a one year high of $88.00. The company has a market cap of $798.03 million, a PE ratio of 9.88 and a beta of 0.40. The company’s 50-day moving average price is $41.12 and its 200 day moving average price is $45.61.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $155.33 million. During the same period in the prior year, the firm earned $1.59 earnings per share. DineEquity’s revenue was down 3.2% compared to the same quarter last year. Equities analysts forecast that DineEquity, Inc will post $4.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a dividend yield of 8.75%. DineEquity’s dividend payout ratio (DPR) is currently 86.61%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Maxim Group dropped their target price on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six 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 an average rating of “Hold” and an average price target of $56.47.
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In related news, Director Msd Capital L. P purchased 39,689 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $39.23 per share, with a total value of $1,556,999.47. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.15% of the stock is owned by corporate insiders.
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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