KBC Group NV lowered its holdings in shares of DineEquity Inc (NYSE:DIN) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,020 shares of the restaurant operator’s stock after selling 21,322 shares during the quarter. KBC Group NV owned approximately 0.18% of DineEquity worth $1,624,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in DIN. Teachers Advisors LLC grew its position in shares of DineEquity by 5.4% during the second quarter. Teachers Advisors LLC now owns 31,381 shares of the restaurant operator’s stock worth $1,382,000 after purchasing an additional 1,597 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of DineEquity by 74.6% during the second quarter. Nationwide Fund Advisors now owns 17,927 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 7,661 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of DineEquity by 0.9% during the second quarter. New York State Common Retirement Fund now owns 25,412 shares of the restaurant operator’s stock worth $1,119,000 after purchasing an additional 215 shares in the last quarter. Northern Trust Corp boosted its stake in DineEquity by 1.3% during the second quarter. Northern Trust Corp now owns 272,478 shares of the restaurant operator’s stock valued at $12,003,000 after buying an additional 3,595 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in DineEquity by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,578,848 shares of the restaurant operator’s stock valued at $69,548,000 after buying an additional 56,955 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.
A number of equities analysts recently commented on DIN shares. Maxim Group reissued a “buy” rating and set a $87.00 price target (up from $62.00) on shares of DineEquity in a research note on Tuesday. TheStreet lowered DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. ValuEngine raised DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered DineEquity from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.97.
DineEquity (NYSE:DIN) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. DineEquity had a positive return on equity of 230.88% and a negative net margin of 54.71%. The company had revenue of $148.78 million during the quarter, compared to analyst estimates of $147.98 million. During the same period in the prior year, the company earned $1.37 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. equities analysts anticipate that DineEquity Inc will post 5.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Monday, March 19th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Sunday, March 18th. DineEquity’s payout ratio is -21.16%.
COPYRIGHT VIOLATION NOTICE: “DineEquity Inc (DIN) Shares Sold by KBC Group NV” was originally published by Week Herald and is owned by of Week Herald. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://weekherald.com/2018/02/23/dineequity-inc-din-shares-sold-by-kbc-group-nv.html.
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.
Receive News & Ratings for DineEquity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DineEquity and related companies with MarketBeat.com's FREE daily email newsletter.