Parametric Portfolio Associates LLC cut its stake in Dine Brands Global Inc (NYSE:DIN) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,822 shares of the restaurant operator’s stock after selling 6,528 shares during the period. Parametric Portfolio Associates LLC owned about 0.97% of Dine Brands Global worth $15,594,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in DIN. BlackRock Inc. increased its holdings in Dine Brands Global by 0.9% in the 4th quarter. BlackRock Inc. now owns 2,490,106 shares of the restaurant operator’s stock valued at $167,686,000 after purchasing an additional 21,391 shares in the last quarter. Victory Capital Management Inc. boosted its position in Dine Brands Global by 27.3% in the 1st quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock valued at $76,292,000 after buying an additional 179,234 shares during the last quarter. Waratah Capital Advisors Ltd. lifted its position in shares of Dine Brands Global by 1,120.2% during the first quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock worth $19,407,000 after purchasing an additional 195,166 shares during the last quarter. Norges Bank bought a new position in shares of Dine Brands Global during the fourth quarter worth about $13,326,000. Finally, Geode Capital Management LLC lifted its position in shares of Dine Brands Global by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 184,680 shares of the restaurant operator’s stock worth $12,436,000 after purchasing an additional 10,666 shares during the last quarter.
DIN has been the topic of several research analyst reports. Wedbush reaffirmed a “buy” rating and set a $135.00 price target on shares of Dine Brands Global in a research report on Tuesday, May 14th. Deutsche Bank started coverage on shares of Dine Brands Global in a research note on Friday. They issued a “buy” rating and a $116.00 price objective for the company. Maxim Group reaffirmed a “buy” rating on shares of Dine Brands Global in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $116.00.
Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.04. The business had revenue of $237.18 million for the quarter, compared to analyst estimates of $248.96 million. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS. On average, analysts forecast that Dine Brands Global Inc will post 7.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 20th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, June 19th. Dine Brands Global’s dividend payout ratio is presently 51.40%.
In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $88.92, for a total value of $35,568.00. Following the completion of the transaction, the director now directly owns 7,739 shares of the company’s stock, valued at $688,151.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.71% 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 in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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