DineEquity Sees Unusually Large Options Volume (DIN)

DineEquity Inc (NYSE:DIN) was the recipient of some unusual options trading on Monday. Traders acquired 4,786 put options on the company. This represents an increase of 3,294% compared to the average volume of 141 put options.

A number of hedge funds have recently modified their holdings of DIN. Teachers Advisors LLC raised its holdings in 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 during the last quarter. Ameriprise Financial Inc. raised its holdings in DineEquity by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 105,438 shares of the restaurant operator’s stock worth $4,655,000 after purchasing an additional 4,713 shares during the last quarter. Nationwide Fund Advisors raised its holdings in 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 during the last quarter. Thrivent Financial For Lutherans raised its holdings in DineEquity by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 10,190 shares of the restaurant operator’s stock worth $449,000 after purchasing an additional 720 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in 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 during the last quarter. 92.89% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on DIN shares. Maxim Group lifted their price target on DineEquity from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded DineEquity from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. TheStreet downgraded DineEquity from a “c” rating to a “d+” rating in a research note on Friday, November 10th. Finally, ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. DineEquity presently has an average rating of “Hold” and a consensus target price of $59.80.

Shares of DineEquity (NYSE:DIN) traded up $0.44 during mid-day trading on Wednesday, reaching $53.98. The company had a trading volume of 279,379 shares, compared to its average volume of 249,272. The firm has a market capitalization of $963.09, a PE ratio of -2.47 and a beta of 0.51. DineEquity has a 52-week low of $36.71 and a 52-week high of $66.82. The company has a debt-to-equity ratio of -6.40, a quick ratio of 1.39 and a current ratio of 1.39.

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About DineEquity

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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