Stonebridge Capital Management Inc. maintained its position in shares of DineEquity Inc. (NYSE:DIN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,400 shares of the company’s stock at the end of the second quarter. Stonebridge Capital Management Inc.’s holdings in DineEquity were worth $203,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of DineEquity during the first quarter worth approximately $257,000. Pacific Global Investment Management CO increased its position in shares of DineEquity by 0.4% in the first quarter. Pacific Global Investment Management CO now owns 2,876 shares of the company’s stock worth $269,000 after buying an additional 12 shares during the last quarter. Legal & General Group Plc increased its position in shares of DineEquity by 12.4% in the first quarter. Legal & General Group Plc now owns 3,821 shares of the company’s stock worth $356,000 after buying an additional 423 shares during the last quarter. FNY Managed Accounts LLC increased its position in shares of DineEquity by 15,933.3% in the second quarter. FNY Managed Accounts LLC now owns 4,750 shares of the company’s stock worth $403,000 after buying an additional 4,780 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of DineEquity during the first quarter worth approximately $411,000. 98.99% of the stock is owned by hedge funds and other institutional investors.
Shares of DineEquity Inc. (NYSE:DIN) traded down 1.73% during mid-day trading on Thursday, reaching $78.16. 128,657 shares of the company’s stock traded hands. The stock has a market capitalization of $1.42 billion, a PE ratio of 14.33 and a beta of 0.83. DineEquity Inc. has a 12-month low of $75.05 and a 12-month high of $98.82. The company’s 50-day moving average price is $77.73 and its 200-day moving average price is $83.67.
DineEquity (NYSE:DIN) last released its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting analysts’ consensus estimates of $1.59. The business earned $160.25 million during the quarter, compared to analysts’ expectations of $161.76 million. DineEquity had a net margin of 15.51% and a return on equity of 43.20%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 earnings per share. Analysts anticipate that DineEquity Inc. will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.71%. DineEquity’s dividend payout ratio is currently 67.52%.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of DineEquity from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Standpoint Research assumed coverage on shares of DineEquity in a report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $97.60.
In other news, SVP John Jakubek sold 7,500 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $76.67, for a total transaction of $575,025.00. Following the completion of the sale, the senior vice president now owns 14,466 shares of the company’s stock, valued at $1,109,108.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.55% of the company’s stock.
DineEquity, Inc, together with 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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