Stoneridge Investment Partners LLC Has $552,000 Stake in DineEquity, Inc (DIN)
Stoneridge Investment Partners LLC boosted its position in DineEquity, Inc (NYSE:DIN) by 58.6% during the second quarter, Holdings Channel reports. The fund owned 12,533 shares of the restaurant operator’s stock after buying an additional 4,630 shares during the period. Stoneridge Investment Partners LLC’s holdings in DineEquity were worth $552,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DIN. Glen Harbor Capital Management LLC boosted its position in shares of 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 last quarter. State of Alaska Department of Revenue boosted its position in shares of DineEquity by 80.1% in the second 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. Americafirst Capital Management LLC purchased a new position in shares of DineEquity during the first quarter worth about $147,000. Municipal Employees Retirement System of Michigan boosted its position in shares of DineEquity by 2.6% in the second 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. Finally, Russell Investments Group Ltd. boosted its position in shares of DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.
DineEquity, Inc (NYSE:DIN) opened at 38.81 on Friday. The stock has a market cap of $697.80 million, a price-to-earnings ratio of 8.16 and a beta of 0.39. The firm has a 50-day moving average price of $42.15 and a 200-day moving average price of $51.74. DineEquity, Inc has a 12 month low of $36.71 and a 12 month high of $88.00.
DineEquity (NYSE:DIN) last issued its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. The business had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.59 earnings per share. Equities research analysts expect that DineEquity, Inc will post $4.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 18th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Friday, September 15th. DineEquity’s dividend payout ratio is presently 81.68%.
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A number of equities analysts have weighed in on the company. Maxim Group decreased their target price on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Monday, July 24th. Vetr raised DineEquity from a “hold” rating to a “buy” rating and set a $61.82 target price for the company in a research report on Thursday, April 27th. Nomura reissued a “hold” rating and issued a $55.00 target price on shares of DineEquity in a research report on Monday, April 17th. Finally, ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $56.47.
In other DineEquity news, Director Stephen P. Joyce purchased 2,265 shares of the stock in a transaction on 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 acquisition, the director now owns 5,488 shares in the company, valued at $241,856.16. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.15% of the stock is currently owned by company 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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