Landscape Capital Management L.L.C. Makes New $1.39 Million Investment in Dine Brands Global, Inc. $DIN

Landscape Capital Management L.L.C. acquired a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,601 shares of the restaurant operator’s stock, valued at approximately $1,386,000. Landscape Capital Management L.L.C. owned about 0.30% of Dine Brands Global at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DIN. Argos Wealth Advisors LLC purchased a new stake in Dine Brands Global in the 4th quarter worth approximately $707,000. Cibc World Market Inc. lifted its stake in shares of Dine Brands Global by 14.0% during the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after purchasing an additional 101,054 shares during the period. 4D Advisors LLC acquired a new stake in shares of Dine Brands Global during the fourth quarter worth $4,339,000. Dimensional Fund Advisors LP boosted its holdings in shares of Dine Brands Global by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock worth $6,329,000 after purchasing an additional 39,646 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Dine Brands Global in the first quarter valued at $1,011,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Up 4.3%

Shares of NYSE DIN opened at $35.86 on Friday. The stock has a fifty day moving average price of $35.07 and a 200 day moving average price of $31.66. Dine Brands Global, Inc. has a 12-month low of $21.85 and a 12-month high of $39.68. The company has a market cap of $453.99 million, a P/E ratio of 76.30 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The company had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. On average, sell-side analysts forecast that Dine Brands Global, Inc. will post 4.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Barclays dropped their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Piper Sandler increased their price objective 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, Mizuho set a $38.00 target price on shares of Dine Brands Global in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $32.83.

Dine Brands Global Company Profile

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.