New York State Teachers Retirement System Has $3,320,000 Position in DineEquity Inc. (DIN)
New York State Teachers Retirement System increased its stake in DineEquity Inc. (NYSE:DIN) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,155 shares of the company’s stock after buying an additional 1,600 shares during the period. New York State Teachers Retirement System’s holdings in DineEquity were worth $3,320,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DIN. CIBC World Markets Inc. raised its position in shares of 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. Nisa Investment Advisors LLC raised its position in shares of DineEquity by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 38,100 shares of the company’s stock worth $3,230,000 after buying an additional 4,000 shares during the period. Capstone Asset Management Co. raised 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 worth $516,000 after buying an additional 360 shares during the period. BNP Paribas Arbitrage SA raised 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 worth $508,000 after buying an additional 2,259 shares during the period. Finally, Pacific Global Investment Management CO raised 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 period. Institutional investors and hedge funds own 98.99% of the company’s stock.
Shares of DineEquity Inc. (NYSE:DIN) traded up 0.80% on Monday, reaching $79.00. The company’s stock had a trading volume of 88,756 shares. DineEquity Inc. has a 1-year low of $75.05 and a 1-year high of $98.82. The stock has a market capitalization of $1.44 billion, a P/E ratio of 14.48 and a beta of 0.78. The company has a 50 day moving average of $78.30 and a 200 day moving average of $82.99.
DineEquity (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, hitting the consensus estimate of $1.59. The company had revenue of $160.25 million for 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 firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. Equities research analysts expect that DineEquity Inc. will post $6.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 16th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Wednesday, September 14th. DineEquity’s dividend payout ratio (DPR) is 67.52%.
A number of research analysts have recently issued reports on DIN shares. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Standpoint Research started coverage on DineEquity in a research report on Tuesday, August 9th. They set a “buy” rating and a $95.00 target price on the stock. Finally, Maxim Group started coverage on DineEquity in a research report on Thursday, September 29th. They set a “buy” rating and a $94.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. DineEquity presently has a consensus rating of “Buy” and an average price target of $97.00.
In other news, SVP John Jakubek sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $76.67, for a total value of $575,025.00. Following the transaction, 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 SEC, which is available at the SEC website. Company insiders own 3.55% of the company’s stock.
DineEquity Company Profile
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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