Larry Alan Kay Sells 778 Shares of DineEquity, Inc (DIN) Stock

DineEquity, Inc (NYSE:DIN) Director Larry Alan Kay sold 778 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $45.14, for a total transaction of $35,118.92. Following the completion of the sale, the director now directly owns 8,513 shares in the company, valued at $384,276.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of DineEquity, Inc (NYSE:DIN) traded up $0.05 during trading hours on Friday, hitting $45.20. 502,795 shares of the company’s stock were exchanged, compared to its average volume of 336,360. DineEquity, Inc has a 52 week low of $36.71 and a 52 week high of $88.00. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $813.43, a P/E ratio of 9.40 and a beta of 0.53.

DineEquity (NYSE:DIN) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $146.92 million. During the same period in the prior year, the firm posted $1.46 EPS. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. research analysts expect that DineEquity, Inc will post 4.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 18th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date of this dividend is Friday, December 15th. DineEquity’s dividend payout ratio is presently -17.73%.

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Several large investors have recently made changes to their positions in DIN. State of Alaska Department of Revenue increased its position in shares of DineEquity by 80.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,332 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 1,482 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of DineEquity by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,990 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 100 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of DineEquity in the 3rd quarter valued at approximately $189,000. Crossmark Global Holdings Inc. purchased a new stake in shares of DineEquity in the 3rd quarter valued at approximately $228,000. Finally, WBI Investments Inc. purchased a new stake in shares of DineEquity in the 2nd quarter valued at approximately $230,000. 92.12% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Maxim Group reaffirmed a “buy” rating and set a $55.00 target price on shares of DineEquity in a research note on Monday, October 30th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. ValuEngine downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of DineEquity from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. DineEquity presently has an average rating of “Hold” and a consensus price target of $57.64.

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.

Insider Buying and Selling by Quarter for DineEquity (NYSE:DIN)

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