Los Angeles Capital Management LLC Takes Position in Dine Brands Global, Inc. $DIN

by · The Markets Daily

Los Angeles Capital Management LLC acquired a new position in shares of Dine Brands Global, Inc. (NYSE:DINFree Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 13,548 shares of the restaurant operator’s stock, valued at approximately $330,000.

A number of other institutional investors have also recently bought and sold shares of DIN. Mountain Hill Investment Partners Corp. increased its stake in Dine Brands Global by 33.3% in the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 500 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Dine Brands Global by 36.7% in the 2nd quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after buying an additional 1,200 shares during the period. CWM LLC increased its position in shares of Dine Brands Global by 215.5% in the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 5,205 shares in the last quarter. Aigen Investment Management LP raised its stake in Dine Brands Global by 7.0% during the 1st quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator’s stock worth $236,000 after buying an additional 659 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Dine Brands Global during the 2nd quarter worth $259,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DIN. Barclays decreased their target price on Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dine Brands Global in a research report on Wednesday, October 8th. KeyCorp raised their target price on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Mizuho raised shares of Dine Brands Global to a “hold” rating in a research note on Tuesday, October 28th. Finally, Zacks Research cut shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Dine Brands Global has an average rating of “Reduce” and an average target price of $27.88.

View Our Latest Research Report on Dine Brands Global

Insiders Place Their Bets

In related news, CFO Vance Yuwen Chang bought 2,340 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer owned 54,130 shares in the company, valued at $1,142,143. The trade was a 4.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $22.11 per share, for a total transaction of $100,003.53. Following the acquisition, the chief executive officer directly owned 189,563 shares of the company’s stock, valued at $4,191,237.93. This represents a 2.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 10,945 shares of company stock valued at $249,387 in the last three months. 4.56% of the stock is currently owned by corporate insiders.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock opened at $26.48 on Monday. The firm has a market cap of $381.93 million, a PE ratio of 8.83 and a beta of 1.04. The business’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $24.46. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $37.20.

Dine Brands Global (NYSE:DINGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The firm had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. During the same period last year, the company earned $1.44 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, December 23rd. Dine Brands Global’s payout ratio is presently 33.93%.

Dine Brands Global Profile

(Free Report)

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Further Reading

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