Skyline Asset Management LP acquired a new position in shares of Dine Brands Global Inc (NYSE:DIN) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 142,300 shares of the restaurant operator’s stock, valued at approximately $12,991,000. Dine Brands Global accounts for 2.2% of Skyline Asset Management LP’s portfolio, making the stock its 6th largest position. Skyline Asset Management LP owned about 0.80% of Dine Brands Global as of its most recent SEC filing.
Several other large investors also recently modified their holdings of DIN. BlackRock Inc. raised its stake in Dine Brands Global by 0.9% in the 4th quarter. BlackRock Inc. now owns 2,490,106 shares of the restaurant operator’s stock worth $167,686,000 after purchasing an additional 21,391 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after buying an additional 98,950 shares in the last quarter. Vanguard Group Inc raised its position in shares of Dine Brands Global by 4.6% in the 3rd quarter. Vanguard Group Inc now owns 2,249,620 shares of the restaurant operator’s stock valued at $182,917,000 after buying an additional 98,950 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Dine Brands Global by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 490,425 shares of the restaurant operator’s stock valued at $39,876,000 after buying an additional 29,617 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Dine Brands Global in the 4th quarter valued at approximately $13,326,000.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of Dine Brands Global in a research report on Friday, February 22nd. They noted that the move was a valuation call. Maxim Group reiterated a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, January 9th. Finally, ValuEngine raised shares of Dine Brands Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dine Brands Global presently has an average rating of “Buy” and a consensus price target of $116.00.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Thursday, February 21st. The restaurant operator reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.13. Dine Brands Global had a net margin of 10.29% and a negative return on equity of 45.41%. The company had revenue of $174.60 million for the quarter, compared to analyst estimates of $197.28 million. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dine Brands Global Inc will post 7.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Tuesday, March 19th. This is an increase from Dine Brands Global’s previous quarterly dividend of $0.63. Dine Brands Global’s payout ratio is presently 51.40%.
In other Dine Brands Global news, SVP Bryan R. Adel sold 6,990 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.50, for a total transaction of $695,505.00. Following the transaction, the senior vice president now owns 23,397 shares in the company, valued at $2,328,001.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry Alan Kay sold 700 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $99.00, for a total transaction of $69,300.00. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $661,716. The disclosure for this sale can be found here. Insiders have sold a total of 21,496 shares of company stock worth $2,110,338 in the last quarter. 2.71% of the stock is owned by corporate insiders.
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Dine Brands Global Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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