Global X Management Co. LLC raised its position in DineEquity Inc (NYSE:DIN) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,434 shares of the restaurant operator’s stock after purchasing an additional 3,801 shares during the quarter. Global X Management Co. LLC owned about 0.79% of DineEquity worth $7,175,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in DineEquity in the 3rd quarter valued at about $189,000. Crossmark Global Holdings Inc. acquired a new position in DineEquity in the 3rd quarter valued at about $228,000. Municipal Employees Retirement System of Michigan boosted its holdings in DineEquity by 69.7% in the 3rd 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 during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in DineEquity in the 4th quarter valued at about $292,000. Finally, SFE Investment Counsel acquired a new position in DineEquity in the 3rd quarter valued at about $294,000. Institutional investors own 92.89% of the company’s stock.
DineEquity Inc (NYSE DIN) opened at $54.67 on Friday. DineEquity Inc has a fifty-two week low of $36.71 and a fifty-two week high of $65.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -6.40. The company has a market cap of $988.63, a P/E ratio of -2.50 and a beta of 0.51.
Several research firms have weighed in on DIN. Maxim Group reiterated a “buy” rating and issued a $55.00 target price on shares of DineEquity in a report on Monday, October 30th. Zacks Investment Research upgraded shares of DineEquity from a “sell” rating to a “hold” rating in a report on Monday, January 15th. ValuEngine lowered shares of DineEquity from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet lowered shares of DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. DineEquity has a consensus rating of “Hold” and a consensus target price of $59.80.
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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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