Bislett Management LLC maintained its stake in shares of DineEquity Inc. (NYSE:DIN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the company’s stock at the end of the third quarter. DineEquity accounts for 5.8% of Bislett Management LLC’s holdings, making the stock its 9th largest position. Bislett Management LLC owned about 0.60% of DineEquity worth $8,711,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DIN. Pacad Investment Ltd. purchased a new position in DineEquity during the second quarter worth about $153,000. PineBridge Investments L.P. boosted its position in shares of DineEquity by 3.2% in the second quarter. PineBridge Investments L.P. now owns 2,102 shares of the company’s stock valued at $178,000 after buying an additional 65 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of DineEquity by 13.4% in the second quarter. Teacher Retirement System of Texas now owns 2,343 shares of the company’s stock valued at $199,000 after buying an additional 277 shares during the last quarter. TradeLink Capital LLC bought a new position in shares of DineEquity during the third quarter valued at $207,000. Finally, Alambic Investment Management L.P. bought a new position in shares of DineEquity during the third quarter valued at $210,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of DineEquity Inc. (NYSE:DIN) traded down 0.90% during midday trading on Monday, reaching $86.92. 9,319 shares of the company traded hands. The company has a 50-day moving average of $80.66 and a 200 day moving average of $80.68. The firm has a market capitalization of $1.57 billion, a PE ratio of 15.79 and a beta of 0.54. DineEquity Inc. has a 12-month low of $75.05 and a 12-month high of $98.82.
DineEquity (NYSE:DIN) last released its earnings results on Tuesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. The business had revenue of $156 million for the quarter, compared to analyst estimates of $160.98 million. DineEquity had a net margin of 15.67% and a return on equity of 44.00%. DineEquity’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities analysts forecast that DineEquity Inc. will post $6.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $3.88 annualized dividend and a dividend yield of 4.42%. This is a positive change from DineEquity’s previous quarterly dividend of $0.92. DineEquity’s dividend payout ratio is currently 66.91%.
Several equities analysts have recently weighed in on DIN shares. KeyCorp cut DineEquity from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Standpoint Research started coverage on DineEquity in a report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Maxim Group started coverage on DineEquity in a report on Thursday, September 29th. They issued a “buy” rating and a $94.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.00.
In other news, SVP John Jakubek sold 7,500 shares of the company’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 transaction, the senior vice president now owns 14,466 shares in the company, valued at $1,109,108.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Greggory Kalvin acquired 2,466 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average price of $81.32 per share, for a total transaction of $200,535.12. The disclosure for this purchase can be found here. Insiders own 3.55% of the company’s stock.
DineEquity Company Profile