DineEquity Inc. (DIN) Shares Sold by Principal Financial Group Inc.
Principal Financial Group Inc. decreased its stake in DineEquity Inc. (NYSE:DIN) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,867 shares of the company’s stock after selling 40 shares during the period. Principal Financial Group Inc. owned 0.64% of DineEquity worth $9,908,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas raised its stake 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 period. 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 valued at $269,000 after buying an additional 12 shares during the period. 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 valued at $403,000 after buying an additional 4,780 shares during the period. Menta Capital LLC purchased a new position in DineEquity during the first quarter valued at approximately $411,000. Finally, Aperio Group LLC raised its position in 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 during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.
DineEquity Inc. (NYSE:DIN) opened at 78.60 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.41 and a beta of 0.78. The stock has a 50 day moving average price of $78.59 and a 200-day moving average price of $82.57. DineEquity Inc. has a 12-month low of $75.05 and a 12-month high of $98.82.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analyst estimates of $161.76 million. During the same period last year, the company earned $1.53 earnings per share. DineEquity’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that DineEquity Inc. will post $6.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were issued a dividend of $0.92 per share. The ex-dividend date was Wednesday, September 14th. This represents a $3.68 annualized dividend and a dividend yield of 4.68%. DineEquity’s dividend payout ratio is 67.52%.
Several research firms have commented on DIN. Zacks Investment Research raised DineEquity from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Maxim Group began coverage on DineEquity in a research report on Thursday, September 29th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Standpoint Research began coverage on DineEquity in a research report on Tuesday, August 9th. They set a “buy” rating and a $95.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average 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.
Want to see what other hedge funds are holding DIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DineEquity Inc. (NYSE:DIN).
Receive News & Ratings for DineEquity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.