Man Group plc lowered its stake in shares of Dine Brands Global Inc (NYSE:DIN) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,091 shares of the restaurant operator’s stock after selling 1,100 shares during the period. Man Group plc owned about 0.14% of Dine Brands Global worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Dine Brands Global by 56.0% during the second quarter. Bank of America Corp DE now owns 63,207 shares of the restaurant operator’s stock worth $4,728,000 after buying an additional 22,680 shares in the last quarter. Smith Asset Management Group LP boosted its holdings in Dine Brands Global by 36.4% during the third quarter. Smith Asset Management Group LP now owns 37,414 shares of the restaurant operator’s stock worth $3,042,000 after buying an additional 9,984 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Dine Brands Global by 8.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,743 shares of the restaurant operator’s stock worth $809,000 after buying an additional 832 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Dine Brands Global by 0.4% in the third quarter. Wells Fargo & Company MN now owns 1,167,845 shares of the restaurant operator’s stock valued at $94,957,000 after purchasing an additional 4,116 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Dine Brands Global by 4.2% in the second quarter. Legal & General Group Plc now owns 39,313 shares of the restaurant operator’s stock valued at $2,977,000 after purchasing an additional 1,578 shares in the last quarter.
Shares of NYSE DIN opened at $81.94 on Friday. Dine Brands Global Inc has a 12-month low of $50.88 and a 12-month high of $95.09. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.74 and a beta of 0.38.
Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. The company had revenue of $194.10 million for the quarter, compared to the consensus estimate of $185.98 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that Dine Brands Global Inc will post 5.25 EPS for the current fiscal year.
Several analysts have issued reports on DIN shares. Maxim Group upped their price target on shares of Dine Brands Global from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, September 28th. Zacks Investment Research downgraded shares of Dine Brands Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 17th. ValuEngine downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Finally, TheStreet raised shares of Dine Brands Global from a “d+” rating to a “c+” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $104.00.
In related news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total transaction of $36,128.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.75% of the company’s stock.
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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 through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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