Schwab Charles Investment Management Inc. increased its stake in shares of DineEquity Inc (NYSE:DIN) by 31.6% during the third quarter, HoldingsChannel.com reports. The fund owned 153,689 shares of the restaurant operator’s stock after buying an additional 36,876 shares during the period. Schwab Charles Investment Management Inc.’s holdings in DineEquity were worth $6,606,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new position in DineEquity in the third quarter valued at $228,000. WBI Investments Inc. bought a new position in DineEquity in the second quarter valued at $230,000. Oppenheimer & Co. Inc. bought a new position in DineEquity in the second quarter valued at $244,000. BNP Paribas Arbitrage SA grew its position in DineEquity by 84.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,500 shares of the restaurant operator’s stock valued at $286,000 after purchasing an additional 2,973 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in DineEquity by 69.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,770 shares of the restaurant operator’s stock valued at $291,000 after purchasing an additional 2,780 shares in the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
DIN has been the subject of a number of analyst reports. Maxim Group raised their target price on shares of DineEquity from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of DineEquity from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. TheStreet downgraded shares of DineEquity from a “c” rating to a “d+” rating in a research report on Friday, November 10th. Finally, ValuEngine raised shares of DineEquity from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.64.
DineEquity (NYSE:DIN) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. DineEquity had a negative net margin of 64.74% and a positive return on equity of 64.43%. The company had revenue of $144.67 million during the quarter, compared to the consensus estimate of $146.92 million. During the same quarter last year, the firm posted $1.46 EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. sell-side analysts expect that DineEquity Inc will post 4.06 earnings per share for the current year.
In other news, Director Larry Alan Kay sold 778 shares of DineEquity stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total value of $35,118.92. Following the completion of the transaction, the director now owns 8,513 shares of the company’s stock, valued at approximately $384,276.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.15% of the company’s stock.
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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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