Spears Abacus Advisors LLC acquired a new position in DineEquity, Inc (NYSE:DIN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,973 shares of the restaurant operator’s stock, valued at approximately $527,000. Spears Abacus Advisors LLC owned about 0.07% of DineEquity at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of DineEquity by 80.1% in the second quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock worth $146,000 after buying an additional 1,482 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of 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 last quarter. Mason Street Advisors LLC lifted its stake in shares of 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 last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of DineEquity by 2.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock worth $176,000 after buying an additional 100 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of DineEquity in the first quarter worth $232,000. Institutional investors and hedge funds own 92.00% of the company’s stock.

DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The business had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $155.33 million. During the same period last year, the business earned $1.59 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 18th will be paid a $0.97 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.88 annualized dividend and a dividend yield of 9.45%. DineEquity’s dividend payout ratio is presently 86.61%.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Raymond James Financial, Inc. restated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. BidaskClub upgraded shares of DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Maxim Group reduced their price objective on shares of DineEquity from $77.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. DineEquity has an average rating of “Hold” and an average price target of $56.47.

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In other DineEquity news, Director Msd Capital L. P purchased 39,689 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.15% of the stock is currently owned by company 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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Institutional Ownership by Quarter for DineEquity (NYSE:DIN)

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