SG Americas Securities LLC lessened its stake in DineEquity Inc (NYSE:DIN) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,875 shares of the restaurant operator’s stock after selling 3,850 shares during the quarter. SG Americas Securities LLC owned 0.13% of DineEquity worth $1,160,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of DineEquity in the 3rd quarter valued at about $189,000. Crossmark Global Holdings Inc. purchased a new position in shares of DineEquity in the 3rd quarter valued at about $228,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of DineEquity by 69.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the restaurant operator’s stock valued at $291,000 after buying an additional 2,780 shares during the period. SFE Investment Counsel purchased a new stake in DineEquity during the third quarter worth approximately $294,000. Finally, Koch Industries Inc. purchased a new stake in DineEquity during the second quarter worth approximately $305,000. Institutional investors and hedge funds own 92.89% of the company’s stock.
Several equities research analysts recently 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 note on Thursday, November 9th. They noted that the move was a valuation call. ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded DineEquity from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, January 31st. Finally, TheStreet cut DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. DineEquity has a consensus rating of “Hold” and a consensus price target of $59.80.
Shares of DineEquity Inc (NYSE DIN) opened at $53.54 on Wednesday. The firm has a market capitalization of $966.68, a P/E ratio of 11.20 and a beta of 0.51. DineEquity Inc has a 52 week low of $36.71 and a 52 week high of $67.03. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39.
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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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