State of Alaska Department of Revenue Acquires 1,482 Shares of DineEquity, Inc (NYSE:DIN)

State of Alaska Department of Revenue raised its stake in DineEquity, Inc (NYSE:DIN) by 80.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,332 shares of the restaurant operator’s stock after buying an additional 1,482 shares during the period. State of Alaska Department of Revenue’s holdings in DineEquity were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 valued at $100,000 after buying an additional 136 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of DineEquity during the first quarter valued at about $147,000. 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 valued at $190,000 after buying an additional 3,348 shares during the period. Mason Street Advisors LLC boosted its position in shares of 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 period. Finally, Schroder Investment Management Group acquired a new position in shares of DineEquity during the first quarter valued at about $232,000. 88.88% of the stock is owned by hedge funds and other institutional investors.

DineEquity, Inc (DIN) traded up 8.085% on Thursday, reaching $40.305. 570,859 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $42.25 and a 200-day moving average price of $51.84. The company has a market capitalization of $724.68 million, a P/E ratio of 8.473 and a beta of 0.39. DineEquity, Inc has a 1-year low of $36.71 and a 1-year high of $88.00.

Several research analysts recently issued reports on DIN shares. Maxim Group reduced their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday, July 24th. Vetr raised shares of DineEquity from a “hold” rating to a “buy” rating and set a $61.82 target price for the company in a report on Thursday, April 27th. Nomura reissued a “hold” rating and set a $55.00 target price on shares of DineEquity in a report on Monday, April 17th. Finally, ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. DineEquity currently has a consensus rating of “Buy” and an average target price of $56.47.

In other DineEquity news, Director Stephen P. Joyce purchased 2,265 shares of DineEquity stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost 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 Securities & Exchange Commission, which is available through the SEC website. 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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