Skylands Capital LLC decreased its position in DineEquity Inc (NYSE:DIN) by 79.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,200 shares of the restaurant operator’s stock after selling 32,200 shares during the quarter. Skylands Capital LLC’s holdings in DineEquity were worth $416,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in DineEquity in the third quarter valued at about $189,000. Crossmark Global Holdings Inc. purchased a new stake in DineEquity in the third quarter worth about $228,000. Oppenheimer & Co. Inc. purchased a new stake in DineEquity in the second quarter worth about $244,000. BNP Paribas Arbitrage SA increased its position in DineEquity by 84.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,500 shares of the restaurant operator’s stock worth $286,000 after buying an additional 2,973 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in DineEquity by 69.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the restaurant operator’s stock worth $291,000 after buying an additional 2,780 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.
Shares of DineEquity Inc (NYSE DIN) opened at $51.62 on Thursday. The company has a debt-to-equity ratio of -6.40, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $922.61, a PE ratio of -2.36 and a beta of 0.50. DineEquity Inc has a 1 year low of $36.71 and a 1 year high of $75.14.
DineEquity (NYSE:DIN) last released its earnings results on Thursday, November 9th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $144.67 million during the quarter, compared to analysts’ expectations of $146.92 million. During the same quarter last year, the business posted $1.46 earnings per share. The firm’s revenue was down 7.3% on a year-over-year basis. sell-side analysts expect that DineEquity Inc will post 4.06 EPS for the current year.
In related news, Director Larry Alan Kay sold 778 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total transaction of $35,118.92. Following the completion of the sale, the director now owns 8,513 shares in the company, valued at $384,276.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.15% of the company’s stock.
A number of analysts have commented on DIN shares. TheStreet cut DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut DineEquity from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Finally, Maxim Group upped their price target 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. One research analyst has 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.64.
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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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