Dine Brands Global Inc (DIN) Stake Decreased by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in Dine Brands Global Inc (NYSE:DIN) by 14.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 160,862 shares of the restaurant operator’s stock after selling 27,534 shares during the period. Great Lakes Advisors LLC’s holdings in Dine Brands Global were worth $14,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of Dine Brands Global by 2,426.7% in the fourth quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock worth $25,000 after buying an additional 364 shares during the period. Enlightenment Research LLC purchased a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $27,000. Lindbrook Capital LLC purchased a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $51,000. Captrust Financial Advisors raised its holdings in shares of Dine Brands Global by 159.8% in the fourth quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after buying an additional 521 shares during the period. Finally, Cutler Group LP purchased a new stake in shares of Dine Brands Global in the fourth quarter worth approximately $79,000.

In other news, SVP Bryan R. Adel sold 6,990 shares of Dine Brands Global stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $99.50, for a total value of $695,505.00. Following the transaction, the senior vice president now directly owns 23,397 shares in the company, valued at approximately $2,328,001.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Alan Kay sold 400 shares of Dine Brands Global stock in a transaction on Friday, May 10th. The shares were sold at an average price of $88.92, for a total value of $35,568.00. Following the completion of the transaction, the director now owns 7,739 shares in the company, valued at $688,151.88. The disclosure for this sale can be found here. Insiders have sold a total of 21,896 shares of company stock worth $2,145,906 over the last 90 days. 2.71% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the company. Wedbush reiterated a “buy” rating and issued a $135.00 price target on shares of Dine Brands Global in a report on Tuesday, May 14th. Zacks Investment Research downgraded Dine Brands Global from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Maxim Group restated a “buy” rating on shares of Dine Brands Global in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $116.00.

DIN opened at $88.45 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 16.47 and a beta of 0.48. Dine Brands Global Inc has a 52 week low of $61.89 and a 52 week high of $101.18.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, topping the consensus estimate of $1.86 by $0.04. The company had revenue of $237.18 million for the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. Dine Brands Global’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. As a group, equities analysts predict that Dine Brands Global Inc will post 7.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Wednesday, June 19th. This represents a $2.76 annualized dividend and a yield of 3.12%. Dine Brands Global’s payout ratio is currently 51.40%.

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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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Institutional Ownership by Quarter for Dine Brands Global (NYSE:DIN)

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