Dynamic Technology Lab Private Ltd Invests $245,000 in Dine Brands Global, Inc. $DIN

Dynamic Technology Lab Private Ltd bought a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,050 shares of the restaurant operator’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Dine Brands Global by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator’s stock worth $24,287,000 after buying an additional 71,941 shares during the last quarter. LSV Asset Management boosted its position in Dine Brands Global by 1.9% during the first quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator’s stock valued at $15,065,000 after purchasing an additional 12,300 shares during the last quarter. Millennium Management LLC grew 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 purchasing an additional 172,013 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dine Brands Global by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock worth $8,954,000 after purchasing an additional 5,717 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Dine Brands Global by 74.7% during the 1st 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 in the last quarter. 92.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Dine Brands Global

In other Dine Brands Global news, Director Howard M. Berk purchased 4,082 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the purchase, the director owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. The trade was a 10.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Dahl purchased 3,600 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the completion of the transaction, the director owned 3,600 shares of the company’s stock, valued at $98,892. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 4.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DIN. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a report on Wednesday, October 22nd. KeyCorp upped their target price on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dine Brands Global in a report on Wednesday, October 8th. Mizuho raised Dine Brands Global to a “hold” rating in a research report on Tuesday, October 28th. Finally, Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $26.43.

Dine Brands Global Stock Performance

Shares of DIN opened at $31.32 on Thursday. The firm has a market cap of $451.72 million, a P/E ratio of 10.44 and a beta of 1.04. Dine Brands Global, Inc. has a 52 week low of $18.63 and a 52 week high of $35.99. The firm’s 50-day simple moving average is $26.30 and its 200 day simple moving average is $24.83.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The company had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. During the same quarter last year, the business earned $1.44 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 2.4%. Dine Brands Global’s payout ratio is 33.93%.

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.