46,404 Shares in Dine Brands Global, Inc. $DIN Bought by Nuveen LLC

Nuveen LLC acquired a new position in shares of Dine Brands Global, Inc. (NYSE:DIN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,404 shares of the restaurant operator’s stock, valued at approximately $1,080,000. Nuveen LLC owned 0.30% of Dine Brands Global at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Olstein Capital Management L.P. boosted its holdings in shares of Dine Brands Global by 12.6% during the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator’s stock worth $8,284,000 after buying an additional 39,842 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Dine Brands Global by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator’s stock worth $5,724,000 after buying an additional 14,958 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Dine Brands Global during the 4th quarter worth $430,000. Kingsview Wealth Management LLC bought a new stake in shares of Dine Brands Global during the 1st quarter worth $334,000. Finally, Two Sigma Investments LP boosted its holdings in shares of Dine Brands Global by 17.6% during the 4th quarter. Two Sigma Investments LP now owns 287,025 shares of the restaurant operator’s stock worth $8,639,000 after buying an additional 42,870 shares during the period. 92.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DIN. KeyCorp cut their target price on shares of Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. UBS Group cut their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Truist Financial cut their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Barclays cut their target price on shares of Dine Brands Global from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research upgraded shares of Dine Brands Global to a “strong sell” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and an average price target of $26.00.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $23.90 on Tuesday. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $37.44. The stock has a market cap of $367.58 million, a price-to-earnings ratio of 7.97 and a beta of 1.05. The firm has a fifty day moving average of $23.46 and a 200-day moving average of $23.58.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.32). Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The business had revenue of $230.78 million during the quarter, compared to analyst estimates of $222.69 million. During the same quarter in the prior year, the company posted $1.71 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Insider Transactions at Dine Brands Global

In other news, CFO Vance Yuwen Chang bought 2,340 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, for a total transaction of $49,374.00. Following the transaction, the chief financial officer directly owned 54,130 shares of the company’s stock, valued at $1,142,143. This trade represents a 4.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John W. Peyton bought 4,523 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $22.11 per share, with a total value of $100,003.53. Following the transaction, the chief executive officer directly owned 189,563 shares in the company, valued at $4,191,237.93. This represents a 2.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.