DineEquity, Inc (DIN) Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in DineEquity, Inc (NYSE:DIN) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 87,867 shares of the restaurant operator’s stock after selling 3,303 shares during the period. JPMorgan Chase & Co. owned 0.49% of DineEquity worth $3,870,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in shares of DineEquity by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $304,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of DineEquity by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its position in shares of DineEquity by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund lifted its position in shares of DineEquity by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 12,340 shares of the restaurant operator’s stock worth $544,000 after purchasing an additional 195 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of DineEquity by 2.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

In other DineEquity news, Director Msd Capital L. P purchased 39,689 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $39.23 per share, with a total value of $1,556,999.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.15% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/dineequity-inc-din-stake-lessened-by-jpmorgan-chase-co.html.

DineEquity, Inc (DIN) opened at 45.04 on Monday. The company’s 50 day moving average is $40.78 and its 200-day moving average is $45.78. DineEquity, Inc has a 52-week low of $36.71 and a 52-week high of $88.00. The firm has a market cap of $810.63 million, a P/E ratio of 10.04 and a beta of 0.40.

DineEquity (NYSE:DIN) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The company had revenue of $155.20 million during the quarter, compared to analyst estimates of $155.33 million. During the same quarter last year, the firm posted $1.59 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that DineEquity, Inc will post $4.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Friday, December 15th. DineEquity’s payout ratio is 86.61%.

A number of research analysts have recently issued reports on DIN shares. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. 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 research report on Tuesday, August

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its position in shares of DineEquity by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $304,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of DineEquity by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its position in shares of DineEquity by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 8,857 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund lifted its position in shares of DineEquity by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 12,340 shares of the restaurant operator’s stock worth $544,000 after purchasing an additional 195 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of DineEquity by 2.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,470 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

In other DineEquity news, Director Msd Capital L. P purchased 39,689 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $39.23 per share, with a total value of $1,556,999.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.15% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/dineequity-inc-din-stake-lessened-by-jpmorgan-chase-co.html.

DineEquity, Inc (DIN) opened at 45.04 on Monday. The company’s 50 day moving average is $40.78 and its 200-day moving average is $45.78. DineEquity, Inc has a 52-week low of $36.71 and a 52-week high of $88.00. The firm has a market cap of $810.63 million, a P/E ratio of 10.04 and a beta of 0.40.

DineEquity (NYSE:DIN) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. The company had revenue of $155.20 million during the quarter, compared to analyst estimates of $155.33 million. During the same quarter last year, the firm posted $1.59 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that DineEquity, Inc will post $4.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date is Friday, December 15th. DineEquity’s payout ratio is 86.61%.

A number of research analysts have recently issued reports on DIN shares. Zacks Investment Research upgraded shares of DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. 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 research report on Tuesday, August 8th. ValuEngine downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. DineEquity presently has a consensus rating of “Hold” and a consensus price target of $56.47.

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.

Institutional Ownership by Quarter for DineEquity (NYSE:DIN)

Receive News & Ratings for DineEquity Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply