South Dakota Investment Council Reduces Stake in Dine Brands Global, Inc. $DIN

South Dakota Investment Council reduced its stake in Dine Brands Global, Inc. (NYSE:DIN) by 33.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,606 shares of the restaurant operator’s stock after selling 59,757 shares during the quarter. South Dakota Investment Council owned approximately 0.76% of Dine Brands Global worth $2,886,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GDS Wealth Management purchased a new position in shares of Dine Brands Global during the 1st quarter worth $609,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Dine Brands Global by 21.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 189,154 shares of the restaurant operator’s stock worth $4,402,000 after purchasing an additional 33,731 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Dine Brands Global during the 1st quarter worth $334,000. Nuveen LLC purchased a new position in shares of Dine Brands Global during the 1st quarter worth $1,080,000. Finally, Trexquant Investment LP grew its holdings in shares of Dine Brands Global by 40.4% during the 1st quarter. Trexquant Investment LP now owns 129,616 shares of the restaurant operator’s stock worth $3,016,000 after purchasing an additional 37,272 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $24.11 on Tuesday. The business has a 50-day moving average of $25.27 and a 200 day moving average of $24.14. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $37.44. The stock has a market capitalization of $370.74 million, a price-to-earnings ratio of 8.04 and a beta of 1.05.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.32). The firm had revenue of $230.78 million for the quarter, compared to analysts’ expectations of $222.69 million. Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. Equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $2.04 dividend on an annualized basis and a yield of 8.5%. Dine Brands Global’s dividend payout ratio (DPR) is currently 68.00%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, CFO Vance Yuwen Chang bought 2,340 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the transaction, the chief financial officer owned 54,130 shares of the company’s stock, valued at approximately $1,142,143. The trade was a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the transaction, the chief executive officer directly owned 189,563 shares in the company, valued at approximately $4,191,237.93. This represents a 2.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 4.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIN. KeyCorp increased their price target on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Mizuho upgraded Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. Barclays increased their price target on Dine Brands Global from $22.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Dine Brands Global in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.25.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.