U S Global Investors Inc. purchased a new stake in DineEquity Inc (NYSE:DIN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 22,000 shares of the restaurant operator’s stock, valued at approximately $946,000. U S Global Investors Inc. owned approximately 0.12% of DineEquity as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Koch Industries Inc. bought a new stake in shares of DineEquity during the 2nd quarter valued at $305,000. Granite Point Capital Management L.P. purchased a new position in shares of DineEquity in the 2nd quarter worth about $1,322,000. Skylands Capital LLC raised its position in DineEquity by 30.6% in the 3rd quarter. Skylands Capital LLC now owns 40,400 shares of the restaurant operator’s stock worth $1,736,000 after buying an additional 9,457 shares during the last quarter. Vanguard Group Inc. raised its position in DineEquity by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock worth $69,548,000 after buying an additional 56,955 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in DineEquity by 1.4% in the 2nd quarter. Gotham Asset Management LLC now owns 238,416 shares of the restaurant operator’s stock worth $10,502,000 after buying an additional 3,183 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.
A number of equities analysts have weighed in on DIN shares. Maxim Group boosted their target price on DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded DineEquity from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. ValuEngine downgraded DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Finally, BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.64.
In other DineEquity news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the transaction, the director now directly owns 8,513 shares in the company, valued at approximately $384,276.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.15% of the company’s stock.
DineEquity Inc (DIN) opened at $50.49 on Monday. DineEquity Inc has a 52 week low of $36.71 and a 52 week high of $87.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40. The firm has a market capitalization of $908.22, a P/E ratio of 10.52 and a beta of 0.50.
DineEquity (NYSE:DIN) last posted 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. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. The business had revenue of $144.67 million during the quarter, compared to the consensus estimate of $146.92 million. During the same period in the prior year, the company posted $1.46 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. equities analysts anticipate that DineEquity Inc will post 4.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.88 annualized dividend and a yield of 7.68%. DineEquity’s payout ratio is -17.77%.
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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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