Landscape Capital Management L.L.C. Has $3.97 Million Stock Holdings in Dine Brands Global, Inc. $DIN

Landscape Capital Management L.L.C. cut its position in shares of Dine Brands Global, Inc. (NYSE:DIN) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,610 shares of the restaurant operator’s stock after selling 101,998 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Dine Brands Global were worth $3,973,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in Dine Brands Global by 20.6% during the fourth quarter. Barclays PLC now owns 42,762 shares of the restaurant operator’s stock worth $1,374,000 after buying an additional 7,313 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Dine Brands Global by 16.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after buying an additional 54,506 shares in the last quarter. State Street Corp grew its position in Dine Brands Global by 0.4% during the fourth quarter. State Street Corp now owns 311,584 shares of the restaurant operator’s stock worth $10,073,000 after buying an additional 1,111 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Dine Brands Global by 46.4% during the fourth quarter. Wells Fargo & Company MN now owns 17,141 shares of the restaurant operator’s stock worth $551,000 after purchasing an additional 5,429 shares during the period. Finally, Summit Financial LLC bought a new position in Dine Brands Global during the fourth quarter worth about $204,000. 92.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the transaction, the director owned 9,315 shares in the company, valued at approximately $269,017.20. The trade was a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.73% of the company’s stock.

Dine Brands Global Stock Down 1.1%

Shares of DIN opened at $33.96 on Friday. Dine Brands Global, Inc. has a 12 month low of $19.58 and a 12 month high of $39.68. The company has a 50-day moving average price of $29.05 and a two-hundred day moving average price of $31.31. The stock has a market cap of $430.91 million, a price-to-earnings ratio of 33.62 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The firm had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Equities research analysts expect that Dine Brands Global, Inc. will post 4.64 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. Dine Brands Global’s payout ratio is 75.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. UBS Group cut their price target on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Finally, Mizuho cut their price target on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and an average price target of $30.40.

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.