Gator Capital Management LLC bought a new stake in Dine Brands Global (NYSE:DIN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,613 shares of the restaurant operator’s stock, valued at approximately $303,000.
Several other hedge funds have also recently modified their holdings of DIN. Schwab Charles Investment Management Inc. raised its holdings in shares of Dine Brands Global by 10.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 170,224 shares of the restaurant operator’s stock valued at $8,636,000 after purchasing an additional 16,535 shares during the period. Dupont Capital Management Corp bought a new position in Dine Brands Global in the 4th quarter valued at about $2,541,000. Quantitative Systematic Strategies LLC bought a new position in Dine Brands Global in the 4th quarter valued at about $292,000. Victory Capital Management Inc. raised its holdings in Dine Brands Global by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 16,043 shares of the restaurant operator’s stock valued at $814,000 after acquiring an additional 975 shares during the period. Finally, Aperio Group LLC raised its holdings in Dine Brands Global by 12.5% in the 4th quarter. Aperio Group LLC now owns 48,876 shares of the restaurant operator’s stock valued at $2,479,000 after acquiring an additional 5,436 shares during the period. 96.96% of the stock is currently owned by institutional investors.
In other news, SVP Bryan R. Adel sold 983 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $78.21, for a total transaction of $76,880.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry Alan Kay sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $74.28, for a total transaction of $74,280.00. Following the transaction, the director now directly owns 8,599 shares in the company, valued at $638,733.72. The disclosure for this sale can be found here. Insiders have sold 20,251 shares of company stock worth $1,538,218 over the last ninety days. Insiders own 2.75% of the company’s stock.
Several research analysts have weighed in on the stock. Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, May 7th. Standpoint Research reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, February 27th. Raymond James raised shares of Dine Brands Global from a “market perform” rating to an “outperform” rating and increased their price target for the company from $36.71 to $85.00 in a report on Monday, February 26th. Finally, ValuEngine cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Dine Brands Global currently has an average rating of “Hold” and an average target price of $89.00.
Dine Brands Global stock opened at $67.90 on Wednesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 16.36 and a beta of 0.18. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of -6.30. Dine Brands Global has a twelve month low of $36.71 and a twelve month high of $81.78.
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 Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $155.46 million. During the same period last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. equities analysts forecast that Dine Brands Global will post 5.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Wednesday, June 20th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $2.52 annualized dividend and a dividend yield of 3.71%. Dine Brands Global’s dividend payout ratio is presently 60.72%.
Dine Brands Global 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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