Wells Fargo & Company MN increased its position in shares of DineEquity, Inc (NYSE:DIN) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 886,539 shares of the restaurant operator’s stock after acquiring an additional 130,946 shares during the period. Wells Fargo & Company MN owned approximately 4.93% of DineEquity worth $39,051,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its holdings in DineEquity by 22.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 88,120 shares of the restaurant operator’s stock worth $4,795,000 after acquiring an additional 16,230 shares during the period. KBC Group NV bought a new stake in DineEquity during the 1st quarter worth approximately $3,803,000. LSV Asset Management bought a new stake in DineEquity during the 1st quarter worth approximately $957,000. First Trust Advisors LP increased its holdings in DineEquity by 80.6% during the 1st quarter. First Trust Advisors LP now owns 88,948 shares of the restaurant operator’s stock worth $4,841,000 after acquiring an additional 39,697 shares during the period. Finally, Karp Capital Management Corp bought a new stake in DineEquity during the 1st quarter worth approximately $725,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Msd Capital L. P acquired 39,689 shares of DineEquity stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $39.23 per share, for a total transaction of $1,556,999.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.15% of the company’s stock.
A number of analysts recently weighed in on DIN shares. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Maxim Group decreased their target price on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a report on Monday, July 24th. Finally, BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. DineEquity presently has an average rating of “Hold” and a consensus price target of $56.47.
DineEquity, Inc (NYSE DIN) opened at 39.35 on Wednesday. DineEquity, Inc has a 1-year low of $36.71 and a 1-year high of $88.00. The firm has a 50-day moving average of $39.60 and a 200-day moving average of $46.76. The stock has a market cap of $708.22 million, a PE ratio of 8.77 and a beta of 0.40.
DineEquity (NYSE:DIN) last released its quarterly earnings data on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. The firm had revenue of $155.20 million for the quarter, compared to analysts’ expectations of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 earnings per share. Analysts expect that DineEquity, Inc will post $4.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders 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 dividend yield of 9.86%. The ex-dividend date is Friday, September 15th. DineEquity’s payout ratio is currently 86.61%.
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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