Emerald Advisers LLC acquired a new position in shares of Dine Brands Global Inc (NYSE:DIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,710 shares of the restaurant operator’s stock, valued at approximately $354,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in Dine Brands Global in the second quarter valued at approximately $29,000. Advisor Group Inc. lifted its stake in Dine Brands Global by 4,107.7% in the second quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 534 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dine Brands Global by 39.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the restaurant operator’s stock valued at $127,000 after buying an additional 395 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Dine Brands Global in the second quarter valued at approximately $157,000. Finally, Bank of Montreal Can lifted its stake in Dine Brands Global by 8.1% in the first quarter. Bank of Montreal Can now owns 1,729 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 130 shares in the last quarter.
A number of research analysts have weighed in on DIN shares. Wedbush cut their price target on shares of Dine Brands Global from $135.00 to $120.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Raymond James lowered shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $125.00 to $105.00 in a research note on Thursday, August 1st. Deutsche Bank cut their price target on shares of Dine Brands Global from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. ValuEngine lowered shares of Dine Brands Global from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Maxim Group set a $110.00 price objective on shares of Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $110.00.
Shares of DIN stock opened at $76.34 on Thursday. The stock has a fifty day simple moving average of $91.43. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 14.22 and a beta of 0.36. Dine Brands Global Inc has a 12 month low of $65.63 and a 12 month high of $104.00.
Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.14). The business had revenue of $228.08 million during the quarter, compared to the consensus estimate of $233.69 million. Dine Brands Global had a negative return on equity of 59.85% and a net margin of 11.73%. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, analysts forecast that Dine Brands Global Inc will post 6.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, September 19th. Dine Brands Global’s dividend payout ratio is presently 51.40%.
Dine Brands Global Company 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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