Dine Brands Global, Inc. $DIN Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. raised its holdings in Dine Brands Global, Inc. (NYSE:DIN) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,711 shares of the restaurant operator’s stock after buying an additional 54,711 shares during the quarter. Dine Brands Global makes up approximately 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 18th largest holding. Olstein Capital Management L.P.’s holdings in Dine Brands Global were worth $7,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in shares of Dine Brands Global in the first quarter worth approximately $485,000. Royal Bank of Canada raised its stake in Dine Brands Global by 10.7% during the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after purchasing an additional 6,908 shares during the period. AQR Capital Management LLC raised its stake in Dine Brands Global by 74.7% during the first quarter. AQR Capital Management LLC now owns 235,221 shares of the restaurant operator’s stock worth $5,474,000 after purchasing an additional 100,580 shares during the period. Millennium Management LLC boosted its holdings in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after purchasing an additional 172,013 shares during the last quarter. Finally, Mork Capital Management LLC grew its stake in shares of Dine Brands Global by 37.5% during the 1st quarter. Mork Capital Management LLC now owns 55,000 shares of the restaurant operator’s stock valued at $1,280,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard J. Dahl bought 3,600 shares of Dine Brands Global stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the transaction, the director owned 3,600 shares in the company, valued at approximately $98,892. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard M. Berk bought 4,082 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $24.50 per share, with a total value of $100,009.00. Following the completion of the purchase, the director directly owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 8,332 shares of company stock worth $220,455 in the last quarter. Insiders own 4.56% of the company’s stock.

Analysts Set New Price Targets

DIN has been the topic of several research reports. Sanford C. Bernstein set a $29.00 target price on Dine Brands Global in a research report on Wednesday, October 22nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Mizuho upgraded Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. KeyCorp lifted their price objective on Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays dropped their target price on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.43.

Dine Brands Global Price Performance

Shares of DIN opened at $33.15 on Friday. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $35.34. The stock’s 50-day moving average is $29.89 and its two-hundred day moving average is $26.39. The stock has a market cap of $477.98 million, a PE ratio of 14.80 and a beta of 0.92.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The company had revenue of $216.17 million during the quarter, compared to analyst estimates of $221.61 million. Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. Dine Brands Global’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. On average, research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Dine Brands Global’s dividend payout ratio (DPR) is currently 33.93%.

Dine Brands Global Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.