Corient Private Wealth LLC Takes Position in Dine Brands Global, Inc. $DIN

Corient Private Wealth LLC bought a new stake in Dine Brands Global, Inc. (NYSE:DIN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 26,461 shares of the restaurant operator’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIN. Nuveen LLC bought a new stake in shares of Dine Brands Global during the first quarter valued at approximately $1,080,000. Ballentine Partners LLC acquired a new stake in Dine Brands Global during the second quarter worth $259,000. Trexquant Investment LP boosted its stake in Dine Brands Global by 40.4% during the first quarter. Trexquant Investment LP now owns 129,616 shares of the restaurant operator’s stock worth $3,016,000 after buying an additional 37,272 shares in the last quarter. New Century Financial Group LLC bought a new stake in Dine Brands Global in the 2nd quarter valued at $1,121,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Dine Brands Global in the 1st quarter valued at $3,602,000. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $34.14 on Friday. Dine Brands Global, Inc. has a 52 week low of $18.63 and a 52 week high of $35.34. The stock has a market capitalization of $492.34 million, a PE ratio of 15.24 and a beta of 0.91. The stock’s fifty day moving average is $29.46 and its 200-day moving average is $26.20.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The company had revenue of $216.17 million for the quarter, compared to the consensus estimate of $221.61 million. During the same period in the prior year, the company earned $1.44 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.93%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DIN. Sanford C. Bernstein set a $29.00 price objective on shares of Dine Brands Global in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 22nd. KeyCorp lifted their price objective on Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays dropped their target price on Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and a consensus price target of $26.43.

Insider Buying and Selling at Dine Brands Global

In other news, Director Howard M. Berk purchased 4,082 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the acquisition, the director directly owned 41,947 shares in the company, valued at approximately $1,027,701.50. The trade was a 10.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard J. Dahl acquired 3,600 shares of the company’s stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the acquisition, the director directly owned 3,600 shares in the company, valued at approximately $98,892. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 8,332 shares of company stock valued at $220,455 over the last three months. Insiders own 4.56% of the company’s stock.

Dine Brands Global 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.