State of Tennessee Treasury Department increased its stake in DineEquity, Inc (NYSE:DIN) by 17.8% during the first quarter, Holdings Channel reports. The institutional investor owned 16,042 shares of the restaurant operator’s stock after buying an additional 2,421 shares during the period. State of Tennessee Treasury Department owned about 0.09% of DineEquity worth $873,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp increased its stake in shares of DineEquity by 9.7% in the fourth quarter. State Street Corp now owns 398,481 shares of the restaurant operator’s stock valued at $30,685,000 after buying an additional 35,394 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of DineEquity by 9.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,851 shares of the restaurant operator’s stock valued at $1,375,000 after buying an additional 1,608 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of DineEquity by 12.3% in the fourth quarter. Martingale Asset Management L P now owns 67,806 shares of the restaurant operator’s stock valued at $5,222,000 after buying an additional 7,400 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of DineEquity during the fourth quarter valued at about $1,166,000. Finally, Trexquant Investment LP bought a new stake in shares of DineEquity during the fourth quarter valued at about $231,000. 89.47% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for DineEquity (NYSE:DIN)

DineEquity, Inc (NYSE DIN) opened at 43.12 on Friday. The company has a 50-day moving average of $48.95 and a 200-day moving average of $61.70. The company has a market cap of $775.30 million, a P/E ratio of 9.06 and a beta of 0.36. DineEquity, Inc has a 52-week low of $42.87 and a 52-week high of $88.00.

DineEquity (NYSE:DIN) last released its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. DineEquity had a net margin of 13.85% and a return on equity of 40.48%. The firm had revenue of $156.17 million for the quarter, compared to the consensus estimate of $158.77 million. On average, equities research analysts expect that DineEquity, Inc will post $4.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Monday, June 19th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $3.88 annualized dividend and a yield of 9.00%. DineEquity’s payout ratio is 81.68%.

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Several equities research analysts have recently issued reports on DIN shares. Citigroup Inc. downgraded shares of DineEquity to a “market perform” rating in a research report on Friday, February 17th. Raymond James Financial, Inc. downgraded shares of DineEquity from an “outperform” rating to a “mkt perform” rating in a research report on Friday, February 17th. Maxim Group lowered their price objective on shares of DineEquity from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. Instinet lowered their price objective on shares of DineEquity from $77.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, February 21st. Finally, CL King raised shares of DineEquity from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, March 6th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. DineEquity has an average rating of “Buy” and a consensus price target of $71.55.

In other DineEquity news, Director Stephen P. Joyce acquired 2,265 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the acquisition, the director now owns 5,488 shares in the company, valued at approximately $241,856.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Darren M. Rebelez acquired 3,775 shares of the stock in a transaction on Monday, May 8th. The shares were acquired at an average price of $51.68 per share, for a total transaction of $195,092.00. Following the acquisition, the insider now owns 32,824 shares of the company’s stock, valued at approximately $1,696,344.32. The disclosure for this purchase can be found here. Corporate insiders own 2.15% of the company’s stock.

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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