Scout Capital Ups Stake In DineEquity To 6.7 Percent

Hedge fund, Scout Capital Management in its recent 13D filing disclosed that it has a 6.62 percent stake or 1,280,321 shares in the restaurant franchise operator DineEquity Inc (NYSE:DIN).

This enhancement for Scout Capital represents a hike of 90.14 percent from the 673,353 shares held at the end of the last quarter ending December 31, 2012.

DineEquity Inc (NYSE:DIN) is the owner of famous restaurants Applebee’s and IHOP.

Scout Capital Management, L.L.C. serves as investment manager to Scout Capital Partners II, L.P. and Scout Capital Long Term, L.P. and the...