Global X Management Co. LLC Purchases 7,078 Shares of DineEquity, Inc (NYSE:DIN)

Global X Management Co. LLC boosted its position in shares of DineEquity, Inc (NYSE:DIN) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,045 shares of the restaurant operator’s stock after buying an additional 7,078 shares during the period. Global X Management Co. LLC’s holdings in DineEquity were worth $5,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of DineEquity by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the restaurant operator’s stock worth $304,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position 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. Capstone Asset Management Co. raised its position in shares of DineEquity by 2.2% in the first quarter. Capstone Asset Management Co. now owns 5,033 shares of the restaurant operator’s stock worth $274,000 after buying an additional 110 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of DineEquity by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,836 shares of the restaurant operator’s stock worth $100,000 after buying an additional 136 shares during the last quarter. Finally, First Midwest Bank Trust Division raised its position in shares of DineEquity by 2.8% in the first quarter. First Midwest Bank Trust Division now owns 6,273 shares of the restaurant operator’s stock worth $341,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

DineEquity, Inc (DIN) opened at 39.72 on Friday. The stock has a 50 day moving average price of $42.05 and a 200 day moving average price of $51.51. DineEquity, Inc has a 52-week low of $36.71 and a 52-week high of $88.00. The company has a market capitalization of $714.17 million, a price-to-earnings ratio of 8.35 and a beta of 0.39.

DineEquity (NYSE:DIN) last announced its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. The company had revenue of $155.20 million during the quarter, compared to the consensus estimate of $155.33 million. DineEquity had a net margin of 13.02% and a return on equity of 38.34%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Analysts anticipate that DineEquity, Inc will post $4.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, September 15th. This represents a $3.88 annualized dividend and a dividend yield of 9.77%. DineEquity’s dividend payout ratio (DPR) is presently 86.61%.

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A number of research analysts have commented on the company. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of DineEquity in a research report on Monday, July 24th. Instinet increased their price objective on DineEquity from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday, May 4th. Vetr upgraded DineEquity from a “buy” rating to a “strong-buy” rating and set a $61.82 price objective on the stock in a research report on Wednesday, May 3rd. Maxim Group decreased their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Nomura reiterated a “hold” rating and issued a $55.00 price objective on shares of DineEquity in a research report on Monday, April 17th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.47.

In related news, Director Stephen P. Joyce acquired 2,265 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the acquisition, the director now directly owns 5,488 shares of the company’s stock, valued at approximately $241,856.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.15% of the stock is currently owned by corporate insiders.

About DineEquity

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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