BlackRock Inc. now owns 2,055,863 shares of the restaurant operator's stock worth $111,881,000 after buying an additional 2,052,782 shares during the period. 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. Municipal Employees Retirement System of MI raised its position in DineEquity by 2.6% in the second quarter.
Internationally, DineEquity plans Applebee's franchisees to "develop between 20 and 30 new restaurants globally, the majority of which are expected to be global openings". Finally, Russell Investments Group Ltd. boosted its position in shares of DineEquity by 2,247.0% in the first quarter. Municipal Employees Retirement System of MI now owns 3,990 shares of the restaurant operator's stock worth $176,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of DineEquity by 80.1% in the second quarter. Institutional investors and hedge funds own 88.88% of the company's stock. The company had a trading volume of 662,113 shares. DineEquity, Inc has a 12 month low of $36.71 and a 12 month high of $88.00. The stock's 50 day moving average price is $42.15 and its 200-day moving average price is $51.74. The firm 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 posted its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. DineEquity had a net margin of 13.85% and a return on equity of 40.48%. During the same quarter in the previous year, the company posted $1.59 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts forecast that DineEquity, Inc will post $4.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.97 per share. The ex-dividend date was Thursday the 15th of June 2017. This represents a $3.88 annualized dividend and a dividend yield of 9.77%. DineEquity's payout ratio is 81.68%.
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Hotchkis & Wiley Capital Management LLC added to its ownership by buying 537,357 shares an increase of 10.1% in the quarter. It dropped, as 67 investors sold MU shares while 232 reduced holdings. 103 funds opened positions while 353 raised stakes.
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A number of equities research analysts have weighed in on the company.
Press coverage about DineEquity (NYSE:DIN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. DineEquity Inc. still expected franchisees to open 20 to 30 more new Applebee's locations this year, mostly internationally, the company said. Zacks Investment Research raised shares of DineEquity from a sell rating to a hold rating in a research note on Thursday, June 8th. 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. Finally, Nomura reiterated a "hold" rating and set a $55.00 price target on shares of DineEquity in a research note on Monday, April 17th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of "Buy" and a consensus target price of $56.47. The shares were bought at an average price of $44.07 per share, for a total transaction of $99,818.55. Following the completion of the purchase, the director now directly owns 5,488 shares of the company's stock, valued at $241,856.16. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.