Nisa Investment Advisors LLC raised its stake in DineEquity, Inc (NYSE:DIN) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,760 shares of the restaurant operator’s stock after buying an additional 4,510 shares during the period. Nisa Investment Advisors LLC owned 0.22% of DineEquity worth $1,735,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of DIN. Capstone Asset Management Co. raised its position in shares of DineEquity by 2.2% in the first quarter. Capstone Asset Management Co. now owns 5,033 shares of the restaurant operator’s stock valued at $274,000 after buying an additional 110 shares during the last quarter. Glen Harbor Capital Management LLC raised 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 last quarter. First Midwest Bank Trust Division raised its position in shares of DineEquity by 2.8% in the first quarter. First Midwest Bank Trust Division now owns 6,273 shares of the restaurant operator’s stock valued at $341,000 after buying an additional 171 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of DineEquity by 2.2% in the first quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock valued at $515,000 after buying an additional 200 shares during the last quarter. Finally, Mason Street Advisors LLC raised 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 last quarter. Institutional investors own 88.88% of the company’s stock.
Shares of DineEquity, Inc (NYSE:DIN) traded up 2.34% during mid-day trading on Friday, hitting $39.72. 662,113 shares of the stock were exchanged. The stock has a market cap of $714.17 million, a price-to-earnings ratio of 8.35 and a beta of 0.39. DineEquity, Inc has a 12 month low of $36.71 and a 12 month high of $88.00. The company has a 50-day moving average price of $42.05 and a 200-day moving average price of $51.51.
DineEquity (NYSE:DIN) last issued its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. DineEquity had a return on equity of 40.48% and a net margin of 13.85%. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. During the same quarter last year, the company earned $1.59 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts expect that DineEquity, Inc will post $4.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 18th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 9.77%. The ex-dividend date is Friday, September 15th. DineEquity’s dividend payout ratio (DPR) is 81.68%.
Several brokerages recently commented on DIN. Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Instinet increased their price objective on shares of DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, May 4th. Vetr raised shares of DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price target on the stock in a report on Wednesday, May 3rd. Maxim Group dropped their price target on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Nomura reissued a “hold” rating and issued a $55.00 price objective on shares of DineEquity in a report on Monday, April 17th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. DineEquity currently has an average rating of “Buy” and a consensus price target of $56.47.
In other news, Director Stephen P. Joyce purchased 2,265 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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