Shorts On Watch: Dineequity Incorporated (NYSE:DIN) Sellers Increased By 13.77% Their Shorts

December 1, 2016 - By Darrin Black   ·   0 Comments

Shorts On Watch: Dineequity Incorporated (NYSE:DIN) Sellers Increased By 13.77% Their Shorts

The stock of Dineequity Incorporated (NYSE:DIN) registered an increase of 13.77% in short interest. DIN’s total short interest was 468,600 shares in December as published by FINRA. Its up 13.77% from 411,900 shares, reported previously. With 129,400 shares average volume, it will take short sellers 4 days to cover their DIN’s short positions. The short interest to Dineequity Incorporated’s float is 2.61%. About 16,162 shares traded hands. DineEquity Inc (NYSE:DIN) has declined 5.03% since April 28, 2016 and is downtrending. It has underperformed by 10.96% the S&P500.

DineEquity, Inc., together with its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar 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. The company has a market cap of $1.51 billion. The Firm operates through four divisions: Franchise operations, Rental operations, Company restaurant activities and Financing operations. It has a 15.37 P/E ratio. The Firm has approximately 3,720 restaurants across both brands that are franchised.

Insitutional Activity: The institutional sentiment decreased to 1.75 in Q2 2016. Its down 0.08, from 1.83 in 2016Q1. The ratio dived, as 18 funds sold all DineEquity Inc shares owned while 35 reduced positions. 29 funds bought stakes while 68 increased positions. They now own 18.06 million shares or 3.11% less from 18.64 million shares in 2016Q1.
Teacher Retirement Sys Of Texas has 0% invested in the company for 2,343 shares. Fuller And Thaler Asset Mngmt last reported 140 shares in the company. First Tru Advsrs Limited Partnership reported 49,605 shares or 0.01% of all its holdings. Cibc World accumulated 12,945 shares or 0% of the stock. Macquarie Gp Ltd last reported 0.21% of its portfolio in the stock. Fmr accumulated 972,608 shares or 0.01% of the stock. Scotia Capital holds 8,032 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage holds 5,987 shares or 0% of its portfolio. Next Financial Inc holds 2 shares or 0% of its portfolio. Blackrock Limited Liability Corp accumulated 8,260 shares or 0% of the stock. Geode Cap Management Ltd Company owns 114,627 shares or 0.01% of their US portfolio. Amer Group Inc has 12,869 shares for 0% of their US portfolio. Retail Bank Of America Corp De owns 63,460 shares or 0% of their US portfolio. Manufacturers Life Ins The last reported 11,591 shares in the company. The United Kingdom-based Cantab Cap Partners Limited Liability Partnership has invested 0% in DineEquity Inc (NYSE:DIN).

Insider Transactions: Since September 16, 2016, the stock had 1 insider buy, and 1 insider sale for $374,490 net activity. KALVIN GREGGORY had bought 2,466 shares worth $200,535 on Thursday, November 10. $575,025 worth of DineEquity Inc (NYSE:DIN) was sold by JAKUBEK JOHN.

DineEquity Inc (NYSE:DIN) Ratings Coverage

Out of 6 analysts covering DineEquity (NYSE:DIN), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. DineEquity has been the topic of 13 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Raymond James downgraded DineEquity Inc (NYSE:DIN) on Monday, October 12 to “Outperform” rating. As per Monday, September 21, the company rating was upgraded by Zacks. The rating was downgraded by TheStreet on Saturday, September 5 to “Hold”. The firm earned “Buy” rating on Thursday, September 3 by Zacks. The stock of DineEquity Inc (NYSE:DIN) earned “Buy” rating by Standpoint Research on Tuesday, August 9. Zacks downgraded the stock to “Buy” rating in Wednesday, August 19 report. As per Friday, September 30, the company rating was initiated by Maxim Group. KeyBanc Capital Markets downgraded DineEquity Inc (NYSE:DIN) on Friday, November 18 to “Sector Weight” rating. The firm has “Buy” rating given on Wednesday, April 20 by Nomura. The firm has “Hold” rating by TheStreet given on Tuesday, September 8.

DIN Company Profile

DineEquity, Inc., incorporated on May 7, 1976, together with 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. The Firm operates through four divisions: Franchise operations, Rental operations, Company restaurant activities and Financing operations. The Firm has approximately 3,720 restaurants across both brands that are franchised.

Another recent and important DineEquity Inc (NYSE:DIN) news was published by Fool.com which published an article titled: “Why DineEquity Inc Shares Dropped 18% in 2015” on January 16, 2016.

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By Darrin Black


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