Argos Wealth Advisors LLC Invests $707,000 in Dine Brands Global, Inc. $DIN

Argos Wealth Advisors LLC bought a new position in shares of Dine Brands Global, Inc. (NYSE:DIN) during the 4th quarter, Holdings Channel.com reports. The fund bought 21,990 shares of the restaurant operator’s stock, valued at approximately $707,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Dine Brands Global by 10.8% during the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after purchasing an additional 101,304 shares during the period. Millennium Management LLC increased its stake in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Two Sigma Investments LP increased its stake in Dine Brands Global by 3.8% in the third quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock valued at $8,733,000 after acquiring an additional 12,821 shares during the last quarter. UBS Group AG increased its stake in Dine Brands Global by 8.0% in the third quarter. UBS Group AG now owns 304,454 shares of the restaurant operator’s stock valued at $7,526,000 after acquiring an additional 22,616 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in Dine Brands Global by 0.4% in the third quarter. Landscape Capital Management L.L.C. now owns 225,608 shares of the restaurant operator’s stock valued at $5,577,000 after acquiring an additional 875 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIN. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. UBS Group decreased their price objective on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Barclays cut their target price on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $29.59 on Wednesday. Dine Brands Global, Inc. has a fifty-two week low of $19.58 and a fifty-two week high of $39.68. The firm has a market capitalization of $375.51 million, a P/E ratio of 29.30 and a beta of 0.94. The company’s 50 day moving average price is $28.06 and its two-hundred day moving average price is $30.57.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The business had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. On average, analysts expect that Dine Brands Global, Inc. will post 4.62 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, March 18th. Dine Brands Global’s payout ratio is 75.25%.

Insiders Place Their Bets

In other Dine Brands Global news, Director Douglas M. Pasquale purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $28.25 per share, for a total transaction of $56,500.00. Following the completion of the acquisition, the director owned 31,469 shares in the company, valued at approximately $888,999.25. This trade represents a 6.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the transaction, the director owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 6,000 shares of company stock worth $173,310. 6.73% of the stock is owned by company insiders.

Dine Brands Global Company 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.