TD Asset Management Inc. lowered its position in shares of DineEquity, Inc (NYSE:DIN) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,300 shares of the restaurant operator’s stock after selling 800 shares during the period. TD Asset Management Inc. owned 0.22% of DineEquity worth $1,731,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of DineEquity by 66,627.1% in the first quarter. BlackRock Inc. now owns 2,055,863 shares of the restaurant operator’s stock worth $111,881,000 after buying an additional 2,052,782 shares in the last quarter. FMR LLC boosted its position in shares of DineEquity by 87.5% in the first quarter. FMR LLC now owns 1,691,509 shares of the restaurant operator’s stock worth $92,052,000 after buying an additional 789,603 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of DineEquity by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,521,893 shares of the restaurant operator’s stock worth $82,821,000 after buying an additional 20,404 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of DineEquity by 70.8% in the first quarter. Wells Fargo & Company MN now owns 755,593 shares of the restaurant operator’s stock worth $41,120,000 after buying an additional 313,290 shares in the last quarter. Finally, State Street Corp boosted its position in shares of DineEquity by 10.3% in the first quarter. State Street Corp now owns 439,408 shares of the restaurant operator’s stock worth $23,917,000 after buying an additional 40,927 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.
DineEquity, Inc (NYSE:DIN) opened at 38.87 on Friday. The firm has a 50-day moving average price of $41.05 and a 200-day moving average price of $49.69. DineEquity, Inc has a 52 week low of $36.71 and a 52 week high of $88.00. The stock has a market capitalization of $699.58 million, a PE ratio of 8.66 and a beta of 0.39.
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 Thomson Reuters’ consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 EPS. Equities research analysts predict that DineEquity, Inc will post $4.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 9.98%. The ex-dividend date is Friday, September 15th. DineEquity’s dividend payout ratio is currently 86.61%.
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DIN has been the topic of a number of research reports. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Instinet raised their price objective on DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, May 4th. Maxim Group reissued a “buy” rating and set a $77.00 price objective on shares of DineEquity in a report on Friday, April 28th. Vetr raised DineEquity from a “hold” rating to a “buy” rating and set a $61.82 price objective on the stock in a report on Thursday, April 27th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.47.
In related news, Director Msd Capital L. P bought 39,689 shares of the stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $39.23 per share, for a total transaction of $1,556,999.47. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen P. Joyce bought 2,265 shares of the stock in a transaction dated Thursday, June 15th. The shares were bought at an average price of $44.07 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders own 2.15% of the company’s stock.
About DineEquity
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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