Alps Advisors Inc. cut its stake in DineEquity Inc. (NYSE:DIN) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,278 shares of the company’s stock after selling 312 shares during the period. Alps Advisors Inc.’s holdings in DineEquity were worth $363,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of DIN. 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 valued at $269,000 after buying an additional 12 shares in the last quarter. Menta Capital LLC bought a new position in shares of DineEquity during the first quarter valued at approximately $411,000. Aperio Group LLC increased its position in shares of DineEquity by 1.5% in the first quarter. Aperio Group LLC now owns 4,563 shares of the company’s stock valued at $426,000 after buying an additional 66 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of DineEquity by 60.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,987 shares of the company’s stock valued at $508,000 after buying an additional 2,259 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of DineEquity by 6.3% in the second quarter. Capstone Asset Management Co. now owns 6,083 shares of the company’s stock valued at $516,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.
Shares of DineEquity Inc. (NYSE:DIN) traded up 0.11% during trading on Wednesday, hitting $78.71. The company had a trading volume of 85,121 shares. DineEquity Inc. has a 52 week low of $75.05 and a 52 week high of $98.82. The firm’s 50 day moving average is $78.46 and its 200-day moving average is $82.72. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.43 and a beta of 0.78.
DineEquity (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, meeting analysts’ consensus estimates of $1.59. The company earned $160.25 million during the quarter, compared to analysts’ expectations of $161.76 million. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. DineEquity’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. Equities research analysts anticipate that DineEquity Inc. will post $6.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Wednesday, September 14th. DineEquity’s dividend payout ratio (DPR) is presently 67.52%.
Several research analysts have commented on DIN shares. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Maxim Group started coverage on DineEquity in a report on Thursday, September 29th. They issued a “buy” rating and a $94.00 price target on the stock. Finally, Standpoint Research started coverage on DineEquity in a report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $97.00.
In other DineEquity news, SVP John Jakubek sold 7,500 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was 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 is accessible through the SEC website. Corporate 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.