State Street Corp Buys 40,927 Shares of DineEquity, Inc (DIN)
State Street Corp increased its stake in shares of DineEquity, Inc (NYSE:DIN) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,408 shares of the restaurant operator’s stock after buying an additional 40,927 shares during the period. State Street Corp owned about 2.44% of DineEquity worth $23,917,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in DIN. Glen Harbor Capital Management LLC raised its stake in DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 136 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in DineEquity during the first quarter worth $147,000. Russell Investments Group Ltd. raised its position in DineEquity by 2,247.0% in the first quarter. Russell Investments Group Ltd. now owns 3,497 shares of the restaurant operator’s stock worth $190,000 after buying an additional 3,348 shares during the period. Guggenheim Capital LLC raised its position in DineEquity by 37.8% in the fourth quarter. Guggenheim Capital LLC now owns 3,566 shares of the restaurant operator’s stock worth $275,000 after buying an additional 979 shares during the period. Finally, Mason Street Advisors LLC raised its position in DineEquity by 5.5% in the first quarter. Mason Street Advisors LLC now owns 3,922 shares of the restaurant operator’s stock worth $213,000 after buying an additional 205 shares during the period. 88.88% of the stock is owned by institutional investors and hedge funds.
DineEquity, Inc (DIN) traded up 0.39% during trading on Tuesday, hitting $39.06. The stock had a trading volume of 85,428 shares. The company has a market cap of $702.30 million, a price-to-earnings ratio of 8.21 and a beta of 0.39. The firm’s 50-day moving average price is $43.20 and its 200-day moving average price is $53.06. DineEquity, Inc has a 52-week low of $38.31 and a 52-week high of $88.00.
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A number of equities analysts have recently weighed in on DIN shares. Zacks Investment Research raised DineEquity from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, July 24th. Vetr lowered DineEquity from a “buy” rating to a “hold” rating and set a $58.82 price objective for the company. in a research note on Wednesday, April 26th. Maxim Group reaffirmed a “buy” rating and issued a $77.00 price objective on shares of DineEquity in a research note on Friday, April 28th. ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Nomura reaffirmed a “hold” rating and issued a $55.00 price objective on shares of DineEquity in a research note on Monday, April 17th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $61.97.
In other DineEquity news, Director Stephen P. Joyce purchased 2,265 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the purchase, the director now directly owns 5,488 shares in the company, valued at $241,856.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.15% of the stock is owned by insiders.
DineEquity Company Profile
DineEquity, Inc, through 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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