DineEquity Inc. (DIN) Shares Bought by First Midwest Bank Trust Division
First Midwest Bank Trust Division boosted its position in shares of DineEquity Inc. (NYSE:DIN) by 46.9% during the second quarter, Holdings Channel reports. The firm owned 6,222 shares of the company’s stock after buying an additional 1,986 shares during the period. First Midwest Bank Trust Division’s holdings in DineEquity were worth $528,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. increased its stake in DineEquity by 116.3% in the first quarter. Burgundy Asset Management Ltd. now owns 472,387 shares of the company’s stock worth $44,135,000 after buying an additional 253,974 shares during the period. RS Investment Management Co. LLC increased its stake in DineEquity by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 615,643 shares of the company’s stock worth $52,194,000 after buying an additional 24,255 shares during the period. Scotia Capital Inc. purchased a new stake in DineEquity during the first quarter worth about $630,000. CIBC World Markets Inc. increased its stake in DineEquity by 99.5% in the second quarter. CIBC World Markets Inc. now owns 12,945 shares of the company’s stock worth $1,097,000 after buying an additional 6,456 shares during the period. Finally, Nisa Investment Advisors L.L.C. increased its stake in DineEquity by 21.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 34,100 shares of the company’s stock worth $3,186,000 after buying an additional 6,000 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.
Shares of DineEquity Inc. (NYSE:DIN) traded down 0.90% on Wednesday, reaching $78.26. The company had a trading volume of 128,900 shares. DineEquity Inc. has a 52-week low of $75.05 and a 52-week high of $98.82. The firm has a market capitalization of $1.43 billion, a PE ratio of 14.34 and a beta of 0.78. The company has a 50-day moving average price of $78.17 and a 200-day moving average price of $83.13.
DineEquity (NYSE:DIN) last released its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.59. The company earned $160.25 million during the quarter, compared to analyst estimates of $161.76 million. DineEquity had a return on equity of 43.20% and a net margin of 15.51%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. Equities research analysts forecast that DineEquity Inc. will post $6.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 16th will be issued a dividend of $0.92 per share. The ex-dividend date is Wednesday, September 14th. This represents a $3.68 annualized dividend and a dividend yield of 4.70%. DineEquity’s dividend payout ratio is 67.52%.
DIN has been the subject of a number of research reports. Zacks Investment Research downgraded DineEquity from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Standpoint Research began coverage on DineEquity in a research report on Tuesday, August 9th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Maxim Group began coverage on DineEquity in a research report on Thursday, September 29th. They issued a “buy” rating and a $94.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $97.00.
In related news, SVP John Jakubek sold 7,500 shares of the 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 in the company, valued at $1,109,108.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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.
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