DineEquity Inc. (DIN) Position Maintained by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can continued to hold its stake in shares of DineEquity Inc. (NYSE:DIN) during the second quarter, Holdings Channel reports. The fund owned 1,627 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in DineEquity were worth $152,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in shares of DineEquity during the first quarter worth about $257,000. Pacific Global Investment Management CO raised its stake 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 in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of DineEquity during the first quarter worth about $311,000. Legal & General Group Plc raised its stake 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 in the last quarter. Finally, FNY Managed Accounts LLC raised its stake 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 in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
Shares of DineEquity Inc. (NYSE:DIN) traded up 1.17% during mid-day trading on Wednesday, hitting $78.76. 165,418 shares of the stock traded hands. The stock has a 50 day moving average price of $77.18 and a 200-day moving average price of $84.20. The company has a market cap of $1.43 billion, a P/E ratio of 14.44 and a beta of 0.83. DineEquity Inc. has a one year low of $75.05 and a one year high of $98.82.
DineEquity (NYSE:DIN) last announced its earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, meeting the consensus estimate of $1.59. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The business earned $160.25 million during the quarter, compared to the consensus estimate of $161.76 million. During the same period in the prior year, the business posted $1.53 earnings per share. DineEquity’s revenue was down 6.5% compared to the same quarter last year. On average, analysts forecast that DineEquity Inc. will post $6.01 earnings per share for the current fiscal 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 issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, September 14th. DineEquity’s dividend payout ratio is 67.52%.
A number of equities research analysts recently issued reports 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 research note on Tuesday, August 9th. They set a “buy” rating and a $95.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. DineEquity 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 company’s stock in a transaction on 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 directly owns 14,466 shares of the company’s stock, valued at $1,109,108.22. The sale was disclosed in a document filed with the SEC, which is available at 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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