LSV Asset Management cut its position in Dine Brands Global Inc (NYSE:DIN) by 22.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,300 shares of the restaurant operator’s stock after selling 5,900 shares during the quarter. LSV Asset Management owned about 0.11% of Dine Brands Global worth $1,331,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of DIN. Pinebridge Investments L.P. increased its stake in Dine Brands Global by 72.9% during the 4th quarter. Pinebridge Investments L.P. now owns 25,367 shares of the restaurant operator’s stock valued at $1,286,000 after buying an additional 10,693 shares during the period. North Fourth Asset Management LP acquired a new position in Dine Brands Global during the 4th quarter valued at about $1,877,000. Dupont Capital Management Corp acquired a new position in shares of Dine Brands Global in the 4th quarter worth approximately $2,541,000. BlackRock Inc. grew its stake in shares of Dine Brands Global by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,220,658 shares of the restaurant operator’s stock worth $112,654,000 after purchasing an additional 53,327 shares during the last quarter. Finally, Fort L.P. grew its stake in shares of Dine Brands Global by 3.2% in the 4th quarter. Fort L.P. now owns 74,546 shares of the restaurant operator’s stock worth $3,782,000 after purchasing an additional 2,294 shares during the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.
Shares of Dine Brands Global traded up $1.85, hitting $74.00, during midday trading on Thursday, according to MarketBeat.com. The stock had a trading volume of 339,564 shares, compared to its average volume of 418,799. Dine Brands Global Inc has a fifty-two week low of $36.71 and a fifty-two week high of $81.78. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 17.83 and a beta of 0.12. The company has a debt-to-equity ratio of -6.30, a current ratio of 1.31 and a quick ratio of 1.31.
Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, May 2nd. The restaurant operator reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Dine Brands Global had a negative net margin of 51.53% and a negative return on equity of 91.75%. The company had revenue of $188.20 million during the quarter, compared to analysts’ expectations of $155.46 million. During the same period last year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts anticipate that Dine Brands Global Inc will post 5.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Wednesday, June 20th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Tuesday, June 19th. Dine Brands Global’s payout ratio is 60.72%.
Several equities analysts have recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dine Brands Global in a research note on Tuesday, May 8th. Standpoint Research reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, Raymond James raised shares of Dine Brands Global from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $36.71 to $85.00 in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $89.00.
In related news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $77.19, for a total transaction of $30,876.00. Following the completion of the sale, the director now directly owns 8,199 shares in the company, valued at $632,880.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gilbert T. Ray sold 17,868 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $75.90, for a total transaction of $1,356,181.20. Following the sale, the director now owns 7,500 shares of the company’s stock, valued at $569,250. The disclosure for this sale can be found here. Company insiders own 2.75% of the company’s stock.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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