Landscape Capital Management L.L.C. Acquires Shares of 38,601 Dine Brands Global, Inc. $DIN

Landscape Capital Management L.L.C. bought a new position in Dine Brands Global, Inc. (NYSE:DIN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 38,601 shares of the restaurant operator’s stock, valued at approximately $1,386,000.

A number of other institutional investors have also made changes to their positions in DIN. Meeder Asset Management Inc. bought a new position in Dine Brands Global during the second quarter worth $73,000. BlackRock Inc. acquired a new position in Dine Brands Global in the second quarter worth $47,832,000. Deutsche Bank AG bought a new stake in Dine Brands Global during the second quarter valued at $443,000. Bank of New York Mellon Corp bought a new stake in Dine Brands Global during the second quarter valued at $4,774,000. Finally, Segall Bryant & Hamill LLC bought a new stake in Dine Brands Global during the first quarter valued at $666,000. 92.83% of the stock is currently owned by institutional investors.

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Dine Brands Global Stock Performance

DIN stock opened at $35.86 on Friday. The stock has a market capitalization of $453.99 million, a price-to-earnings ratio of 76.30 and a beta of 0.96. Dine Brands Global, Inc. has a 1 year low of $21.85 and a 1 year high of $39.68. The stock’s fifty day moving average is $35.07 and its two-hundred day moving average is $31.66.

Dine Brands Global (NYSE:DIN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. As a group, analysts predict that Dine Brands Global, Inc. will post 4.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DIN shares. Barclays reduced their price target 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. Mizuho set a $38.00 price objective on shares of Dine Brands Global in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Piper Sandler raised their target price on shares of Dine Brands Global from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $32.83.

View Our Latest Stock Analysis on Dine Brands Global

Dine Brands Global Profile

(Free Report)

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.

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