Aperio Group LLC grew its holdings in DineEquity, Inc (NYSE:DIN) by 160.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,440 shares of the restaurant operator’s stock after buying an additional 26,780 shares during the period. Aperio Group LLC owned 0.24% of DineEquity worth $1,867,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of DineEquity by 18.5% in the third quarter. First Trust Advisors LP now owns 29,656 shares of the restaurant operator’s stock valued at $1,275,000 after buying an additional 4,625 shares during the last quarter. Skylands Capital LLC lifted its position in shares of DineEquity by 30.6% in the third quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock valued at $1,736,000 after buying an additional 9,457 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of DineEquity in the second quarter valued at approximately $305,000. Caxton Associates LP lifted its position in shares of DineEquity by 22.8% in the second quarter. Caxton Associates LP now owns 9,700 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 1,800 shares during the last quarter. Finally, State Street Corp lifted its position in shares of DineEquity by 2.4% in the second quarter. State Street Corp now owns 450,041 shares of the restaurant operator’s stock valued at $19,824,000 after buying an additional 10,633 shares during the last quarter. 92.12% of the stock is owned by institutional investors.
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Shares of DineEquity, Inc (NYSE DIN) opened at $45.11 on Wednesday. The firm has a market capitalization of $798.32, a P/E ratio of 9.25 and a beta of 0.52. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. DineEquity, Inc has a fifty-two week low of $36.71 and a fifty-two week high of $88.00.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. analysts predict that DineEquity, Inc will post 4.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 18th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, December 15th. This represents a $3.88 annualized dividend and a yield of 8.60%. DineEquity’s payout ratio is currently -17.77%.
A number of analysts have recently issued reports on DIN shares. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, July 24th. Maxim Group cut their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, ValuEngine cut DineEquity from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.64.
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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